This Crypto Currency, Which Turkish Users Follow Closely, Was Also Affected by the FTX Incident!

Star Atlas CEO‘su said in a statement on Twitter, wither centered metaverse game Star Atlas‘of cryptocurrency stock market FTXHe said cash flow was cut in half after the collapse of .

FTX Disaster Cuts Cryptocurrency Star Atlas’ Cash Flow By Half

Star Atlas has become the latest crypto company to be hit by the shocking collapse of the Bahamas-based crypto giant.

To discuss this in full transparency, please join us in a Town Hall today at 5pm EST on https://t.co/mCa6L6xBZj. pic.twitter.com/XnNuSdEaNG

— SW4²6N3R (@at_mwagner) November 11, 2022

According to CEO Michael Wagner, Star Atlas development studio ATMTA had substantial cash deposited in FTX. The CEO said the company still has a “strong balance sheet” despite the shock.

Wagner apologized to Star Atlas employees and users, saying that their trust had been betrayed by FTX.

The company did not disclose how much cash it lost in the FTX collapse.

“I believed the cash position was stored in a reliable and robust institution,” Wagner said. I trusted and trusted a person who I believed had a respected place in the industry,” he said.

“Obviously that trust has been betrayed. Bad timing and the lack of adequate action to respond quickly to such situations put our position in jeopardy. I’m responsible for this and I’m sorry for that.”

However, the news that will shake the market in the FTX event continues to come.

Finally, it was claimed that FTX founder SBF left a “back door” in the stock market and transferred assets from there.

*Not investment advice.