Business

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


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

Nickel Digital Asset Management is not the only company affected by the collapse and bankruptcy of FTX. The NFT protocol Metaplex also fired “several members of the Metaplex Studios team” due to “indirect effects” from the collapse of the FTX crypto exchange. Metaplex Studios co-founder and CEO, Stephen Hess (NYSE: NYSE), shared in a Twitter thread:

The Ontario Teacher Retirement Plan also incurs some losses. According to one notification Made by Canada-based teacher pension fund, it has invested $75 million in FTX International and its US organization, FTX.US. Ontario Teachers’ Pension Plan shares that the investment “represents less than 0.05%” of its total net assets and is “equivalent to an ownership interest of 0.4% and 0.5%, respectively, of FTX International and FTX.US.” Although disappointed by the loss, the pension plan asserts that “the financial loss from this investment will have a limited impact on the Plan, given its size relative to total net assets and financial position.” our firm main.”