• 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

Kodiak Finance: The New Era of Decentralized Exchanges on Avalanche

chest

In the dynamic DeFi environment, Kodiak Finance stands out as an innovative DEX on the Avalanche blockchain. The platform offers more than just asset exchange; it provides a comprehensive ecosystem for liquidity management and passive income generation.

user avatarMax Nevskyi

DoRac: Comprehensive Analysis of NFT Dog Racing, Tokenomics, Gameplay Systems, and Web3 Potential

chest

In-depth overview of DoRac: a Web3 dog racing game with NFT pets, breeding, token rewards, and a growing metaverse. Detailed analysis of gameplay, economy, and long-term potential.

user avatarElena Ryabokon

Oobit: An Innovative Payment Gateway for Cryptocurrency Transactions

chest

The Oobit app turns cryptocurrencies into a convenient means of payment, eliminating complexity and volatility. It allows you to easily spend bitcoins on daily purchases like regular money, making digital finance accessible to everyone.

user avatarMax Nevskyi

House of Poker: Comprehensive Overview of Blockchain Poker, Play & Earn Features, and Platform Potential

chest

A detailed overview of House of Poker: Web3 poker gameplay, USDC-based economy, social features, competitive modes, and the future of Massive Gaming’s blockchain casino platform.

user avatarElena Ryabokon

Numerai: A Decentralized AI-Powered Predictive Modeling Platform

chest

In the digital age, data is being called the new oil, but its value is only revealed through analytics. Numerai has created a unique decentralized hedge fund where a global community of AI specialists works instead of in-house analysts.

user avatarMax Nevskyi

Devomon Callisto: In-Depth Analysis of the Blockchain Game, Lore, Gameplay, and NFT Ecosystem

chest

A detailed review of Devomon: Callisto — its lore, gameplay, Evomon system, blockchain economy, tokens, and NFT features. Full breakdown of mechanics and Web3 RPG potential.

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.