ຫຼາຍ ບໍລິສັດ crypto and firms are beginning to feel the extent of the damage of the FTX collapse, as some of them have funds stuck in the exchange.
While some of the affected companies have started disclosing their exposure, the extent of the damage could be far bigger than imagined, considering the amount that went up in smoke over the past couple of days.
Crypto Companies Feel The Pinch
Venture capital firm Sequoia Capital has announced a loss of its $213.5 million investment in the exchange. In a letter sent to its partners, it stated that it was marking down its investment to zero.
Since the incident, at least one crypto lender BlockFi has paused withdrawal. While the firm did not disclose the extent of its exposure, its decision has birthed speculations that it might be insolvent.
Several celebrities like Tom Brady, Steph Curry, and Naomi Osaka would also be recording losses. All were appointed global ambassadors of the firm last year.
Previously, crypto lending firms that paused withdrawals, like Celsius and Voyager, following the Terra LUNA crash filed for ການລົ້ມລະລາຍ due to the extent of their exposure.
Start Atlas Reveals it Lost Half of its Cash
ສະຕູດິໂອທີ່ຢູ່ເບື້ອງຫລັງເກມ metaverse Star Atlas ທີ່ອີງໃສ່ Solana ເປີດເຜີຍວ່າມັນສູນເສຍເຄິ່ງຫນຶ່ງຂອງທາງແລ່ນເງິນສົດຂອງຕົນໃນການລົ້ມລົງ FTX.
ATMTA CEO Michael Wagner stated that the game developer had a “material cash exposure” in FTX with its deposit. However, he stated that its balance sheet is still strong enough to see it through.
Wagner did not reveal how much was stuck in FTX.
Galois Capital Loses 50%
Another crypto firm with exposure to the bankrupt exchange was the crypto fund Galois Capital.
Reports revealed that Galois co-founder Kevin Zhou said the fund has around $40 million locked in FTX.
The fund also ຢືນຢັນ this on Twitter, adding that it “did not use any Bahamian method to move funds out.”
Ren Protocol Funding Hang
ພິທີການ Ren ເຊັ່ນກັນ ເປີດເຜີຍ ວ່າມັນໄດ້ຮັບການສະຫນອງທຶນປະຈໍາໄຕມາດຈາກ Alameda ສໍາລັບ 12 ເດືອນທີ່ຜ່ານມາ. ແຕ່ມັນຍັງໄດ້ກ່າວວ່າມັນຈະສືບຕໍ່ດໍາເນີນການແລະຊອກຫາວິທີການສືບຕໍ່ແຜນການສໍາລັບ Ren 2.0.
Meanwhile, the full extent of the losses remains unknown. Blockchain projects like Solana, Aptos, and ສຸ້ຍ all have direct connections to the failed exchange.
ຂໍ້ສັງເກດ
ຂໍ້ມູນທັງ ໝົດ ທີ່ມີຢູ່ໃນເວບໄຊທ໌ຂອງພວກເຮົາແມ່ນຖືກເຜີຍແຜ່ດ້ວຍຄວາມຈິງໃຈແລະເພື່ອຈຸດປະສົງຂໍ້ມູນທົ່ວໄປເທົ່ານັ້ນ. ການກະ ທຳ ໃດໆທີ່ຜູ້ອ່ານປະຕິບັດຕາມຂໍ້ມູນທີ່ພົບໃນເວບໄຊທ໌ຂອງພວກເຮົາແມ່ນມີຄວາມສ່ຽງຂອງພວກເຂົາເອງ.
Source: https://beincrypto.com/crypto-companies-start-toppling-like-dominoes/