Uruguay-based payments service provider DLocal reported that approximately $5.5 million tied to the FTX exchange is stuck.
The bankruptcy of FTX, which is considered the second largest cryptocurrency exchange in the world, also affected many companies. In the collapse, where billions of dollars evaporated, affiliated companies also suffered losses. In the busy agenda, bankruptcies and stuck assets began to come one after another. In particular, brokerage firms that cooperate with FTX have started reporting millions of dollars in losses. One of these companies, DLocal, announced that an asset of $ 5.6 million was stuck in the stock market.
DLocal Says Exposure Is Minimal
Uruguay-based payment service provider DLocal stated that the assets stuck on the FTX exchange are minimal.
There is an increase in the number of companies exposed to FTX, which has filed for bankruptcy and is in court. Recently, Vauld reported that he had $10 million in assets stuck in the stock market. DLocal joined these companies. The payment service provider reported that $5.6 million is stuck in the exchange. However, the company stated that this amount is not a significant ratio.
Referring to its total payments, the company underlined that they do not work with another exchange as a banking service. DLocal reported that processing of FIA payments for cryptocurrency exchanges represents 0.3 percent based on their TPV.
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