• 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

In-Depth Analysis of Liquidium and the LIQ Token: Tokenomics, Core Features, and Project Outlook

chest

Liquidium is a decentralized Bitcoin-based lending protocol. Explore LIQ tokenomics, platform mechanics, advantages, risks, and the future of its cross-chain DeFi ecosystem.

user avatarElena Ryabokon

In-Depth Analysis of The Planet of the Hares: Tokenomics, NFT Mechanics, and Metaverse Development

chest

The Planet of the Hares is a Web3 metaverse with NFT ownership, the HARES token economy, and DAO governance. Explore its gameplay, tokenomics, and long-term development potential.

user avatarElena Ryabokon

Reality Metaverse: Comprehensive Review of the Blockchain Game, Real-World Tokenization, and Web3 Ecosystem

chest

Reality Metaverse turns real-world locations into NFTs. Learn how its economy, token model, and gaming ecosystem work, including royalties and utility features.

user avatarElena Ryabokon

Predict.fun — How the Blockchain Prediction Platform Works: Features, Advantages, and Future Outlook

chest

Predict.fun is a blockchain-based prediction platform on BNB Chain combining prediction markets with DeFi yield. Learn how it works, what it offers, and its prospects within Web3.

user avatarElena Ryabokon

Voxels — A Decentralized Web3 Metaverse for Creativity, Ownership, and Digital Economy

chest

Voxels is a Web3 metaverse with NFT land, user-built worlds, 3D creation tools, and a growing digital economy. A decentralized platform for creators, collectors, and virtual communities.

user avatarElena Ryabokon

Bitmain Company Overview: From ASIC Chips to Mining Pools

chest

Founded in 2013 in Beijing, Bitmain is a global leader in the blockchain industry. The company is primarily known for its powerful ASIC miners, the Antminer, but it also operates some of the largest mining pools.

user avatarMax Nevskyi

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.