• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Which companies were affected by the collapse of FTX?

Which companies were affected by the collapse of FTX?

user avatar

by dapp_writer005

4 years ago


After the collapse of the FTX crypto exchange, which began in early November, many cryptocurrency companies began to feel the consequences of this incident. 

The American venture capital fund Sequoia Capital lost $210 million in investment due to FTX cooperation. The BlockFi platform announced the suspension of the withdrawal of funds. The company did not comment further. However, users have speculated that the exchange may be insolvent.

Also, celebrities who acted as ambassadors lost their investment in FTX. For example: football player Tom Brady, basketball player Steph Curry and tennis player Naomi Osaka.

Studio ATMTA, which develops and releases the Star Atlas metaverse on the Solana blockchain, has lost half of its funds. The director of the company does not say how much was invested in FTX. However, he warned players of significant risks.

The Galois Capital fund team tweeted that about $40 million is stuck on FTX. It is possible that it could take several years to return the funds.

The exact amount of damage is still unknown, since every day information is received from the affected exchanges and the list is replenished with new names. 

Earlier, a post appeared that the SEC began to closely study the activities of the head of FTX.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other articles

ZKP Crypto and AI Infrastructure: Zero-Knowledge Proofs, Proof Pods, and DePIN

chest

Learn what ZKP Crypto is, how its ZK Layer 1, Proof of Intelligence, Proof Pods, and distributed AI computing infrastructure are designed to work.

user avatarElena Ryabokon

Truebit and Verifiable Computing: How Truebit Verify and Web3 Compute Infrastructure Work

chest

Learn what Truebit is, how verifiable compute, Truebit Verify, and the Verification Game work, and how offchain computation can support blockchain applications.

user avatarElena Ryabokon

Gonzo’s Quest and Web3: How the Classic Gaming Franchise Could Use NFTs and Blockchain

chest

Learn what Gonzo’s Quest is, how Avalanche mechanics work, how the game differs from GameFi, and how NFTs and blockchain could potentially be integrated.

user avatarElena Ryabokon

Open Loot and Big Time: How the Web3 Gaming, NFT, and Digital Asset Platform Works

chest

Learn what Open Loot is, how it connects to Big Time, and how its marketplace, NFTs, OL token, wallets, and Web3 gaming infrastructure work.

user avatarElena Ryabokon

Credix Finance and Private Credit: How the Platform Brings Emerging Market Lending On-Chain

chest

Learn what Credix is, how its RWA lending model works, and why the platform has become a notable player in emerging market financing and on-chain private credit.

user avatarElena Ryabokon

Goldfinch v3 and the Private Credit Market: How the Platform Brings Real-World Lending Onchain

chest

Learn what Goldfinch v3 is, how private credit works onchain, the role of the GFI token, and why Goldfinch is an important player in the growing RWA ecosystem.

user avatarElena Ryabokon

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.