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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other articles

MetaCene Urban Expansion — Open World, GameFi Economy, and Blockchain Infrastructure

chest

Explore MetaCene Urban Expansion: Web3 MMORPG gameplay, open world, PvE and PvP, NFTs, Realms, MAK and MUD tokens, Mantle, and the evolving game economy.

user avatarElena Ryabokon

Skyborne Legacy Open Beta — Shattered Isles, GameFi, and Web3 Economy

chest

Explore Skyborne Legacy Open Beta: MMORPG gameplay, Shattered Isles, crafting, NFTs, Skyborne Genesis, RCADE, Web3 infrastructure, and key risks.

user avatarElena Ryabokon

Wingbits — Decentralized Flight Tracking and Web3 Aviation Infrastructure

chest

Explore Wingbits: how the aviation DePIN network works, ADS-B stations and flight tracking, WINGS token, rewards, network economy, infrastructure, and key risks.

user avatarElena Ryabokon

WeatherXM — Decentralized Weather Data Network and DePIN Infrastructure

chest

Explore WeatherXM: how the weather DePIN network works, stations and data quality, WXM token, rewards, WeatherXM Pro, API, infrastructure, and key risks.

user avatarElena Ryabokon

Chainmonsters Season 3 — Gameplay, Seasons, NFTs, and MONSTER Token

chest

Explore Chainmonsters Season 3: gameplay, Chainmons, seasonal mechanics, NFTs, MONSTER token, blockchain infrastructure, GameFi economy, and key risks.

user avatarElena Ryabokon

Speed Star — Web3 Horse Racing, Virtual Horses, JOC, SPEED, and STAR

chest

Explore Speed Star: Web3 horse racing, virtual horses and ranches, gaming professions, JOC, SPEED and STAR tokens, blockchain mechanics, and key risks.

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.