FTX Disaster Reduces Star Atlas Financial Runway in Half

Following the demise of cryptocurrency exchange FTX, the CEO of Solana-based gaming metaverse Star Atlas tweeted that its financial runway has been slashed in half. The startling collapse of the cryptocurrency giant with headquarters in the Bahamas has now impacted the Solana-based gaming metaverse, a newcomer in the industry. To discuss this in full transparency, please join us in a Town Hall today at 5pm EST on https://t.co/mCa6L6xBZj. pic.twitter.com/XnNuSdEaNG — SW4²6N3R (@at_mwagner) November 11, 2022 Star Atlas Development Firm’s Cash Exposure According to CEO Michael Wagner, ATMTA, the Star Atlas development firm, had “significant cash exposure” deposited at FTX. Despite The post FTX Disaster Reduces Star Atlas Financial Runway in Half appeared first on Cryptoknowmics-Crypto News and Media Platform .