How Wide Does FTX Contagion Spread? The Affected Companies So Far

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How Wide Does FTX Contagion Spread? The Affected Companies So Far
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Apart from crashing the crypto market, FTX's catastrophe prompted severe financial losses for multiple firms.

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$210 million in FTX International and $65 million in FTX US. It informed that the investment has virtually shrunk to zero following the exchange’s decay.that the FTX crisis had a “very little” impact on the local economy since most large financial institutions had not yet hopped on the cryptocurrency bandwagon.half of its capital was trapped in the troubled exchange. Sources estimate that this amount could be approximately $100 million.

Europe’s largest digital asset investment and trading group – CoinShares – disclosed that over $30 million, or about 11% of its total net asset value, was stuck on FTX. Mike Novogratz’s crypto financial services firm – Galaxy Digital –The world’s largest asset manager – BlackRock – is also on the list. CEO Larry Finkhis company invested $24 million in FTX prior to the latter’s catastrophe.

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