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

NEAR AI — IronClaw, Agent Market, NEAR Intents and the AI Agent Economy

chest

NEAR AI Hub overview: AI agents, IronClaw, Agent Market, NEAR AI Cloud, NEAR Intents, NEAR token, and infrastructure for autonomous AI.

user avatarElena Ryabokon

Sentient Foundation — Open AGI, SENT Token, OML and Decentralized AI

chest

Sentient Foundation overview: Open AGI, GRID network, OML and ROMA technologies, Dobby models, SENT token, tokenomics, and the development of an open AI ecosystem.

user avatarElena Ryabokon

Nifty League: Smashers 2.0 — Gameplay, DEGEN NFTs and the Nifty League Ecosystem

chest

Nifty League: Smashers 2.0 overview: PvP gameplay, DEGEN NFTs, NFTL token, Ethereum, Immutable zkEVM, and the development of the Nifty League Web3 ecosystem.

user avatarElena Ryabokon

Kaiju Worlds Relaunch — Gameplay, KAIJU, NFTs and BNB Smart Chain

chest

Kaiju Worlds Relaunch overview: gameplay, Kaiju, Egg, Skill and Land NFTs, KAIJU token, BNB Smart Chain, game economy, and potential relaunch prospects.

user avatarElena Ryabokon

Kryptomon Season 3 — Gameplay, KMON Token, Polygon and Web3 Ecosystem

chest

Kryptomon Season 3 overview: KMON Saga gameplay, NFT creatures, KMON token, PvP, Polygon, World of Kogaea, game economy, and Web3 ecosystem development.

user avatarElena Ryabokon

Champions Arena Grand Prix — Gameplay, GalaChain, GALA and NFT Champions

chest

Champions Arena Grand Prix overview: gameplay, PvE and PvP, NFT Champions, GalaChain, GALA, Supreme Arena, game economy, and the project's sunset phase.

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.