• 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

QRusader: An innovative blockchain game with NFTs and decentralized economy

chest

QRusader is a Web3 blockchain game that merges strategy, NFTs, and a decentralized economy. Play, earn tokens, and own digital assets in a next-generation metaverse.

user avatarElena Ryabokon

Crypto Quest — A Decentralized Blockchain Game with NFT Economy and Play-to-Earn System

chest

Crypto Quest is a blockchain game on Solana combining RPG mechanics, NFT ownership, and Web3 economy. Play, earn, and build your digital empire in the metaverse.

user avatarElena Ryabokon

San Andreas Universe: a blockchain game blending gameplay, economy, and digital ownership

chest

San Andreas Universe is a blockchain-based open-world game where players earn tokens, own assets, and shape their digital destiny in a decentralized Web3 ecosystem.

user avatarElena Ryabokon

Shard Legends: INTRO — A Web3 MMORPG with NFT economy and true ownership

chest

Shard Legends: INTRO is a Web3 MMORPG where players build, conquer, and own digital worlds. NFT economy, clans, and freedom define the future of decentralized gaming.

user avatarElena Ryabokon

Pirate Parrots Game: Sail, Battle, and Earn Crypto Rewards on TON

chest

Pirate Parrots is a Web3 Telegram game on the TON blockchain, combining pirate adventures, NFT rewards, and play-to-earn mechanics in a social, blockchain-powered ecosystem.

user avatarElena Ryabokon

Hipo Finance: The New Era of Gaming Finance on Telegram

chest

In the digital age, entertainment is increasingly intertwined with financial opportunities. A great example is the Hipo game on Telegram, where virtual investments and strategic thinking pave the way for impressive results.

user avatarMax Nevskyi

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.