• 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

3 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

How SolSlay Works: Gameplay, Tokens, and the Web3 Economy on Solana

chest

A deep dive into SolSlay, a Solana-based blockchain game featuring PvP modes, SOL and SLY tokens, reward mechanics, in-game economy, and future development potential.

user avatarElena Ryabokon

How Buinkers Works: Gameplay, BOINK Token, and Crypto Game Potential

chest

A full breakdown of the Buinkers Telegram game: gameplay mechanics, social features, BOINK token, possible airdrop, and the future potential of its crypto gaming ecosystem.

user avatarElena Ryabokon

How Next Basket Combines AI, Blockchain, and E-commerce into One Digital Ecosystem

chest

In-depth overview of Next Basket, a Web3 e-commerce platform using AI tools, the NEBA token, cashback rewards, and a decentralized digital economy.

user avatarElena Ryabokon

How Turbo Battle Arena Combines Blockchain Funding, Tokenomics, and Competitive Gaming

chest

Explore Turbo Battle Arena’s funding model, tokenomics, gameplay economy, and ecosystem growth in this in-depth look at a Web3 esports and GameFi blockchain project.

user avatarElena Ryabokon

The Sandbox Game Review: How the Ethereum-Based Metaverse Works

chest

In-depth overview of The Sandbox blockchain game: SAND economy, NFT land ownership, creation tools, earning opportunities, and the growth of a Web3 metaverse.

user avatarElena Ryabokon

Celestial Garden Web3 Game Review: Gameplay, NFTs, and Nexira Economy

chest

In-depth overview of Celestial Garden, a Web3 blockchain farming game with NFT assets, Ruby rewards, and integration into the Nexira GameFi 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.