• 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

AITECH Pad Platform Review: Technology, Tokenomics, and Investment Model Analysis

chest

Comprehensive overview of AITECH Pad covering its concept, technology, tokenomics, fundraising model, risks, and growth potential within the Web3 and AI ecosystem.

user avatarElena Ryabokon

Uniswap CCA Review: Tokenomics, Technology, Fundraising Model, and Growth Potential

chest

Comprehensive overview of Uniswap CCA covering its concept, technology, tokenomics, fundraising strategy, risks, and long-term potential in the DeFi ecosystem.

user avatarElena Ryabokon

Coin Terminal Review: How the Web3 Launchpad and Token Sale Model Work

chest

A detailed overview of Coin Terminal, a Web3 launchpad for early-stage blockchain projects. Learn about its model, tokenomics, access tiers, and investment risks.

user avatarElena Ryabokon

BullPerks Review: Launchpad Model, Tokenomics, and Web3 Investment Opportunities

chest

An in-depth overview of BullPerks, a Web3 launchpad for early crypto projects. Learn about its model, tokenomics, access tiers, and potential risks.

user avatarElena Ryabokon

The Harvest Review: Gameplay, NFTs, Tokens, and Blockchain Shooter Technology

chest

An in-depth look at The Harvest, a competitive PvP shooter with NFTs, tokens, and Web3 infrastructure. Explore its gameplay, roles, economy, and blockchain technology.

user avatarElena Ryabokon

NAKA Blast Review: Gameplay, Tokens, NFTs, and Play-to-Earn Mechanics

chest

In-depth overview of NAKA Blast, a play-to-earn arcade shooter in the Nakamoto Games ecosystem, covering gameplay, NFTs, token economy, and blockchain technology.

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.