<p><span style="font-weight: 400;">Venture firm and software company Animoca Brands released key figures of its balance sheet, revealing some exposure to Sam Bankman-Fried's collapsed exchange. </span></p> <p><span style="font-weight: 400;">The new information about Animoca’s balance sheet comes hours after Bankman-Fried’s crypto exchange FTX filed for </span><a href="https://www.theblock.co/post/185083/ftx-files-for-chapter-11-bankruptcy"><span style="font-weight: 400;">Chapter 11</span></a><span style="font-weight: 400;"> bankruptcy protection. Animoca’s actions follow other leaders of centralized crypto businesses </span><a href="https://www.theblock.co/post/185873/centralized-exchanges-are-scrambling-in-attempts-to-prove-their-reserves"><span style="font-weight: 400;">detailing</span></a><span style="font-weight: 400;"> whether they have ties to the former billionaire’s collapsed ecosystem and native token </span><a href="https://www.theblock.co/post/184883/amber-group-says-no-exposure-to-ftx-less-than-10-of-trading-funds-stuck"><span style="font-weight: 400;">FTT</span></a><span style="font-weight: 400;">.</span></p> <p><span style="font-weight: 400;">“Our exposure to FTX is limited to a non-material trading balance and we continue to invest and support the ecosystem,” Animoca co-founder Yat Siu said in a <a href="https://www.animocabrands.com/glimpsing-the-future-through-the-lens-of-days-past-part2">statement.</a></span></p> <p><span style="font-weight: 400;">The firm maintains a cash balance of around $214 million and digital assets worth $940 million, with $3 billion in off-balance sheet digital reserves. The firm has supported 380 companies in web3, such as OpenSea and Dapper Labs, as well as the crypto payment startup </span><a href="https://www.theblock.co/linked/150888/balderton-animoca-brands-back-request-finance-in-5-5-million-round"><span style="font-weight: 400;">Request Finance</span></a><span style="font-weight: 400;"> and the web3 gaming firm </span><a href="https://www.theblock.co/post/156219/planetarium-labs-raises-web3-gaming-firm-funding"><span style="font-weight: 400;">Planetarium Labs</span></a><span style="font-weight: 400;">, The Block previously reported. </span></p> <p><span style="font-weight: 400;">Siu condemned the actions of crypto industry leaders this week. </span></p> <p><span style="font-weight: 400;">“Many of us, myself included, are very upset by the events of the last several days,” Siu said. “I am upset that the important work on making the web decentralized, free from central power structures that continue to abuse their disproportionate power, is once again being overshadowed by a very few irresponsible actors. Very few.”</span></p> <p><span style="font-weight: 400;">Sam Bankman-Fried’s crypto exchange FTX collapsed this week following a failed deal with crypto exchange </span><a href="https://www.theblock.co/post/184636/binance-backs-out-of-ftx-acquisition-deal"><span style="font-weight: 400;">Binance</span></a><span style="font-weight: 400;">. The situation is still unfolding. </span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>