FTX Collapse Sparks Industry Turmoil as Seattle Crypto Startups Secure $30M Funding Amid Market Downturn

The collapse of FTX caused significant disruption in the crypto industry, impacting companies like BlockFi and Genesis, and leading to a decline in venture capital investments in crypto startups. Despite these challenges, Seattle-area crypto startups have secured about $30 million in funding this year, with optimism persisting among local crypto leaders.