2023 Fintech and Financing Conference & Expo

Which Companies Were Affected by FTX’s Collapse?

Cointelegraph | Ezra Reguerra  | Nov 17, 2022

Unsplash Charl Folscher Dominoes - Which Companies Were Affected by FTX's Collapse?

Image: Unsplash/Charl Folscher

Image: Unsplash/Charl Folscher

While the FTX collapse may have had a severe effect on the broader crypto market, some companies bore the brunt of the impact and were directly hit by the storm

See:  Ethereum and Solana Staking Goes Live on WealthSimple

  • BlockFi:  crypto lending firm BlockFi has also admitted having "significant exposure to FTX and associated corporate entities."
  • Crypto.com: The CEO highlighted that their exposure to the firm is only under $10 million.
  • Wintermute: firm that made headlines after losing $160 million in a hack, has also admitted that it had some remaining funds on the FTX exchange.
  • Multicoin Capital: Venture capital firm Multicoin Capital reportedly has around $863 million in assets frozen within the FTX exchange.
  • CoinShares: firm noted that it was able to reduce its overall exposure to $31.5 million and assured its community that the firm's financial state remains strong.
  • Amber Group: announcement that the exposure is only limited to less than 10% of its total trading capital.
  • Pantera Capital: investment firm noted that it suffered some risks and losses from the FTX collapse.

Continue to the full article --> here


NCFA Jan 2018 resize - Which Companies Were Affected by FTX's Collapse?The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Which Companies Were Affected by FTX's Collapse?FF Logo 400 v3 - Which Companies Were Affected by FTX's Collapse?community social impact - Which Companies Were Affected by FTX's Collapse?

Support NCFA by Following us on Twitter!







NCFA Sign up for our newsletter - Which Companies Were Affected by FTX's Collapse?




 

Leave a Reply

Your email address will not be published. Required fields are marked *

eighteen − 18 =