As FTX and Alameda begin bankruptcy and restructuring under Chapter 11, the companies and tokens they invest in are on the verge of liquidation.
Cryptocurrency journalist Wu Blockchain revealed on Twitter which other companies and token projects FTX and affiliated companies are investing in.
FTX and Alameda Research Have Invested in Multiple Altcoins and Cryptocurrency Companies
Yuga Labs, which produces the world’s largest NFT collections with 450 million dollars, is among the companies and projects in which the bankrupt FTX has invested the most. This company is known for owning the Bored Ape Yacht Club NFT collection.
Among the other projects that the company has invested in, Circle draws attention with 440 million dollars. This company is also known as the distributor of the world’s second largest stablecoin USDC.
Among the altcoin projects, Aptos, created by Facebook’s former developers, appears. It was noted that FTX has invested a total of 350 million dollars in two separate investments in Aptos.
Another altcoin project that the crypto exchange company invests in is the NEAR Protocol. The amount of investment made in this project is observed as 350 million dollars.
Another company that FTX invested in is BlockFi with $ 250 million. The company stopped filming from the platform today.
As FTX and Alameda begin bankruptcy and reorganization in accordance with Chapter 11, the companies and tokens they invest in are also on the verge of being liquidated. We have counted the companies that FTX and Alameda have invested in so far: https://t.co/IvkDKlddSI pic.twitter.com/tIgerIlHQB
— Wu Blockchain (@WuBlockchain) November 11, 2022
Related company Alameda Research, on the other hand, has a larger list of projects that it has invested in, but is at lower levels in quantity.
The projects in which Alameda Research invests the most are Polygon with 450 million dollars, Immutable with 200 million dollars, Astar Network with 22 million dollars, NEAR Protocol with 150 million dollars, STEPN with 5 million dollars, Anchorage Digital with 350 million dollars, 175 million dollars. 1inch with dollars.
Solana, on the other hand, draws attention with the investment of 314 million dollars by Alameda Research.
*Not investment advice.
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