• 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

Arc: a community-driven GameFi platform for blockchain games

chest

Arc is a decentralized gaming platform where developers and players collaboratively create and grow blockchain-based games. An in-depth look at Arc’s concept, ecosystem, and its role in the future of GameFi.

user avatarAlexandra Smirnova

Kritika Global Review: Action RPG with NFTs and Web3 GameFi Mechanics

chest

An in-depth review of Kritika Global, a blockchain action RPG featuring fast-paced combat, NFT assets, tokenomics, and a scalable GameFi ecosystem.

user avatarElena Ryabokon

TimeShuffle Game Review: A GameFi Project with Time-Based Mechanics and NFTs

chest

An in-depth review of the TimeShuffle blockchain game, exploring its time-based mechanics, gameplay systems, NFTs, tokenomics, and GameFi infrastructure.

user avatarElena Ryabokon

Forthbox Game Review: A Web3 Strategy Game with NFTs and GameFi Mechanics

chest

An in-depth review of the Forthbox blockchain game, covering gameplay, NFTs, tokenomics, and the technological foundation of its GameFi ecosystem.

user avatarElena Ryabokon

How Olea is changing supply chain financing

chest

Cross-border trade is hindered by bureaucracy, opacity, and a lack of capital. Olea, a startup backed by Standard Chartered, addresses these challenges. Its digital ecosystem connects suppliers, buyers, and investors directly.

user avatarMax Nevskyi

Caveworld Game Review: A GameFi Project with NFTs, Tokenomics, and Mining Mechanics

chest

An in-depth review of the Caveworld blockchain game, covering gameplay mechanics, NFTs, tokenomics, resource mining, and the project’s GameFi ecosystem.

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.