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

Some companies laid off to deal with their million dollar losses.

Nickel Digital Asset Management isn't the only company feeling the effects of FTX's collapse and bankruptcy. NFT protocol Metaplex has also laid off "several members of the Metaplex Studios team" due to the "indirect impact" of the collapse of crypto exchange FTX. Metaplex Studios co-founder and CEO Stephen Hess shared in a Twitter thread:

“While our cash position was not directly impacted by the FTX collapse and our fundamentals remain strong, the indirect impact on the market is significant and requires us to take a more cautious approach moving forward. 'before."

(3/7) Although our cash flow was not directly impacted by the FTX collapse and our fundamentals remain strong, the indirect impact on the market is significant and forces us to take a more conservative approach in the future.

The Ontario Teachers' Pension Plan also suffered losses. According to an announcement by the Canada-based teachers' pension fund, it has invested $75 million in FTX International and its US entity, FTX.US. The Ontario Teachers' Pension Plan said the investment "represented less than 0.05%" of its total net assets and "equaled to owning 0.4% and 0.5% of FTX International and FTX.US, respectively”. Although disappointed with its losses, the pension plan says "the financial loss of this investment will have a limited impact on the Plan, given its size relative to our total net assets and our strong financial position." p>

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