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Investing.com – Shares of Coinbase (NASDAQ:) came under renewed selling pressure this week on concerns about the fallout from the FTX collapse. However, other companies are also exposed.
FTX owes at least $3.1 billion to its creditors, according to documents it itself filed with regulators last week.
The risk of contagion from the FTX fiasco remains, said Morgan Stanley (NYSE:), adding that “cryptocurrency exchanges will continue to see near-term exits as institutions and retail investors sell assets or move their holdings into offline wallets.”
Hopes of recovery for some creditors were raised on Tuesday, however, after FTX said it located $1.24 billion in cash ahead of a US court hearing.
Among the most exposed companies are Sequoia Capital, venture capital manager, for $213.5 million, Temasek Holdings for $205 million, Genesis for $175 million, Softbank (TYO:) for $100 million and Ontario Teachers for $95. million.
Other firms like Galaxy Digital are exposed for $76.8 million, coin base for $15 million, Celsius for $14 million and circle for $10.6 million.