From Temasek to Genesis, heres the direct impact of FTX failure on other corporates.
Kabuhayan Mula Temasek hanggang Genesis, narito ang direktang epekto ng pagkabigo ng FTX sa ibang mga kumpanya. 11 / 20 / 2022 Balita ng Ethereum ng Bitcoin Over the first two weeks of November, crypto exchange FTX went from leading crypto exchange to a $16 billion bankruptcy – this years largest so far. Insiders, customers, the press, and regulators are still piecing together what caused the largest corporate failure in cryptos 14-year history and what such a fallout means as it ripples across the digital assets market. So far the fallout has meant the loss, freeze, or write down of at least $1.8 billion in funds comprising mostly equity investors from past funding rounds and firms who held money with FTX. It also accounts for the hundreds of millions of dollars in credit, loans, and acquisition financing between FTX, its U.S. subsidiary, Alameda Research, and outside parties. Heres the damage so far. Equity Investor Equity investors stand to lose the most capital from FTX in bankruptcy, but they are also by far the largest investors, a complete write-down of their investment is little more than a scratch to their bottom lines. In a Thursday pahayag, Temasek disclosed that its $275 million investment in FTX and related businesses, which is