• 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

PRIME Royale: Web3 Card Game, 3v3 Battles and $PRIME Tokenomics

chest

PRIME Royale is a blockchain-based card strategy game on BNB Smart Chain featuring 3v3 battles, a counter-based card system, and utility-driven $PRIME tokenomics.

user avatarAlexandra Smirnova

TrueNorth MCP: Your AI agent with the advantage of professional traders

chest

In the digital asset space, speed of information and quality of analysis play a key role. The TrueNorth platform is changing the way cryptocurrency trading is done by offering an innovative AI-powered solution.

user avatarMax Nevskyi

PRIME Royale: обзор Web3-игры, геймплей 3v3 и токеномика $PRIME

chest

PRIME Royale — блокчейн-карточная стратегия на BNB Smart Chain с боями 3v3, системой контр-категорий и экономикой $PRIME. Подробный разбор механик и перспектив проекта.

user avatarAlexandra Smirnova

YZi Labs: How Investments in Web3, AI, and Biotechnology Are Changing the World

chest

YZi Labs is an investment project that focuses on three key areas: Web3, AI, and biotechnology. The goal is to be an active participant rather than just a fund, supporting startups that have the potential to transform these industries.

user avatarMax Nevskyi

Asgard Finance: DeFi Protocol Architecture, Tokenomics, and Long-Term Yield Model

chest

In-depth overview of Asgard Finance, a DeFi protocol focused on sustainable yield, tokenomics, decentralized governance, and long-term Web3 ecosystem development.

user avatarElena Ryabokon

CoinMENA: Licensed Crypto Platform, Technology Stack, and Its Role in the Middle East Market

chest

In-depth overview of CoinMENA, a regulated cryptocurrency platform in the MENA region, covering licensing, technology, security, trading services, and market impact.

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.