Nickel Digital, Metaplex, and others continue to feel the impact of FTX collapse

Nickel Digital Asset Management will not be the solely firm feeling the results of FTX’s collapse and chapter. NFT protocol Metaplex additionally laid off, “a number of members of the Metaplex Studios staff” due to the “oblique impact” from the collapse of crypto trade FTX. The co-founder and CEO of Metaplex Studios Stephen Hess shared in a thread on Twitter that:

“While our treasury wasn’t instantly impacted by the collapse of FTX and our fundamentals stay robust, the oblique impact on the market is important and requires that we take a extra conservative method shifting ahead.”

The Ontario Teachers’ Pension Plan has additionally had to swallow some losses. According to an announcement made by the Canadian-based academics’ pension fund, it invested $75 million into FTX International and its US entity (FTX.US). The Ontario Teachers’ Pension Plan shared that the funding “represented lower than 0.05%” of its whole internet property and “equated to possession of 0.4% and 0.5% of FTX International and FTX.US, respectively.” Although upset by its losses, the pension plan asserts that “the monetary loss from this funding could have restricted impact on the Plan, given its measurement relative to our whole internet property and our robust monetary place.”

Related: Crypto Biz: FTX fallout leaves blood in its wake

On Nov 18, Cointelegraph reported that Genesis Block, a frontrunner for offering cryptocurrency retail companies in Hong Kong, separate from the institutional cryptocurrency buying and selling companies Genesis, will start closing down its over-the-counter (OTC) on-line buying and selling portal beginning Dec. 10.

London-based crypto funding agency Nickel Digital Asset Management reported on Nov. 18 that it has round $12 million of its funds’ caught on FTX. According to founder and chief funding officer Michael Hall, the firm has been unable to withdraw funds, which allegedly account for an estimated 6% of its $200 million in property beneath administration.