The process, which started with the liquidity problems of the FTX exchange and that Binance could buy FTX, ended with Binance giving up on this purchase.
Traded at $25 levels before all this chaos FTT It dropped to $2.07 as of the moment.
There Are Giant Companies
It seems that there are giant names in the crypto industry among the investors of FTX.
According to The Block Research, among the investors of the stock market BlackRock, Sequoia, Paradigm, Tiger Global, SoftBank, Circle, Alan Howard, VanEck and TemasekIt turned out that there was.
FTX received a $400 million investment in a Series A funding round in January of this year, raising a valuation of $8 billion.
Important names such as SofBank, Tamasek, Tiger Global and Paradigm were among the companies participating in this financing round.
SoftBank, Tamasek and Tiger Global, which participated in the funding in January BlackRock He also participated in FTX’s Series B funding round in October 2021.
Some of the aforementioned companies declared that they had no exposure to FTX and were not affected by this collapse.
However, it is not known how large the exposure of other companies that invest in the FTX stock market is to the stock market.
With the collapse of FTX, it is extremely likely that many companies will experience liquidity problems and go bankrupt due to high exposure, just like with LUNA.
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