• 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.

chest
chest
chest

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other articles

Swarm Markets Explained: How Tokenized Stocks and Regulated RWA Infrastructure Work

chest

Explore Swarm Markets, its tokenized stocks and bond ETFs, RWA backing, SwarmX, SMT, self-custody, DeFi integrations and regulated European infrastructure.

user avatarElena Ryabokon

Sleepagotchi Explained: How PIXEL Staking, NFTs and the Web3 Wellness Ecosystem Work

chest

Explore Sleepagotchi, its sleep gamification model, Sleepagotchi LITE, PIXEL Staking, Dino Gotchis NFTs, Web3 mechanics and the evolving AI Sleep Coach.

user avatarElena Ryabokon

Ronke and Ronkeverse — NFT, RONKE Token and Ronin Gaming Ecosystem Overview

chest

Explore Ronke and Ronkeverse: NFT collection, RONKE token, gaming mechanics, integrations, and the development of its community-driven Web3 ecosystem on Ronin.

user avatarElena Ryabokon

How Backed Finance Works: xStocks, Tokenized ETFs, and Blockchain-Based RWA

chest

Explore Backed Finance and xStocks: tokenized stocks and ETFs, 1:1 backing, multichain infrastructure, DeFi integrations, and key risks.

user avatarElena Ryabokon

VanEck Digital Assets — Bitcoin, Ethereum, Solana, Avalanche ETFs and Blockchain Funds

chest

Explore VanEck Digital Assets, including Bitcoin, Ethereum, Solana and Avalanche ETFs, DAPP, staking, investment structures, key features and risks.

user avatarElena Ryabokon

Somnia Games Ecosystem — Fully On-Chain Games, Layer 1 Technology and Web3 Gaming

chest

Explore Somnia Games Ecosystem, including Variance, Sparkball, Maelstrom and Chunked, fully on-chain gaming, Layer 1 technology, NFTs and Web3 infrastructure.

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.