• 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

Shadow Protocol Overview: Shadow-Forks, Custom Event Indexing and the Future of On-Chain Data

chest

A detailed overview of Shadow Protocol: how shadow-forks reinvent on-chain data, reduce gas costs, enable custom analytics and unlock new possibilities for Web3 developers.

user avatarElena Ryabokon

Overview of the Sleek Project on Solana: Architecture and Features

chest

In today's world, information protection has become critical. The Sleek platform, built on the Solana blockchain, addresses this challenge by offering not just a storage solution but a comprehensive ecosystem for secure data exchange.

user avatarMax Nevskyi

Endless Clouds Review: Treeverse, Capsule Heroes and the Expansion of a Web3 Gaming Ecosystem

chest

A detailed review of Endless Clouds, the Web3 gaming studio building Treeverse, Capsule Heroes and a connected metaverse powered by blockchain, digital ownership and next-gen game design.

user avatarElena Ryabokon

Blast Wheels: A Comprehensive Review of a Dynamic Arcade Race

chest

Blast Wheels is a bold hybrid where the frantic speed of arcade racing meets the tactical depth of PvP combat. Instead of just finishing, the goal is to eliminate enemies by combining masterful driving with precise shooting.

user avatarMax Nevskyi

TEN Protocol Review: Confidential Layer-2, Private Smart Contracts and Network Architecture

chest

A detailed review of TEN Protocol: its private Layer-2 architecture, confidential smart contracts, DeFi and AI use cases, tokenomics, security model, and ecosystem growth prospects.

user avatarElena Ryabokon

VOX — NFT Avatars, Metaverse Vision, and Project Potential

chest

VOX is a collection of voxel-based NFT avatars and the foundation of the VOXverse metaverse. The ecosystem combines digital identity, gameplay utility, creator-driven content, and a developing Web3 economy.

user avatarAlexandra Smirnova

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.