• 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

PEPENODE GameFi Mining: How Virtual Nodes, Staking, and the Project Economy Work

chest

Learn what PEPENODE is, how virtual nodes work, how the Mine-to-Earn model functions, and how the PEPENODE token differs from traditional crypto mining.

user avatarElena Ryabokon

Audiera and Music GameFi: How the BEAT Token, Dance-to-Earn, and AI Gaming Ecosystem Work

chest

Learn what Audiera is, how Dance-to-Earn works, and why the BEAT token, AI music features, and BNB Chain integration are shaping this Web3 rhythm game.

user avatarElena Ryabokon

Crossmint and Web3 for Business: How the Platform Supports NFTs, Payments, and Digital Assets

chest

Learn what Crossmint is, how embedded wallets, NFT infrastructure, and tokenization work, and why brands and Web3 companies use the platform.

user avatarElena Ryabokon

Dynamic Wallet Infrastructure: How the Platform Powers Embedded Wallets and Web3 Applications

chest

Learn what Dynamic is, how embedded wallets, MPC, and Web3 authentication work, and why Dynamic has become an important part of modern blockchain application infrastructure.

user avatarElena Ryabokon

Privy and Embedded Wallets: How Seamless Onboarding Is Transforming Web3 Applications

chest

Learn what Privy is, how embedded wallets work, and why seamless wallet infrastructure is becoming a key component of modern Web3 applications.

user avatarElena Ryabokon

Basin Explained: Data Composability, Decentralized Storage, and the Future of Web3 Data Infrastructure

chest

Learn what Basin is, how data composability works, and why decentralized storage and Filecoin infrastructure are becoming important components of Web3 applications.

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.