privatelyheld ftx’s pending sale to its rival binance could suck out billions in net worth not only from ftx founder sam bankmanfried but also a deep bench of blue chip investors in the digital currency exchange while bloomberg reported that bankmanfried stands to lose 136 billion in net worth in tuesday’s surprise announcement of a cash crunch and sale to binance at ftx the company’s rapidly falling fortunes will deal a multibillion dollar blow to the most powerful names in venture capital and private equity that have backed ftx it’s also possible that the acquisition may not go through which would leave ftx short of capital and would likely impact its private valuation further the private investors in ftx include blackrock inc blk  sequoia ontario teachers’ pension plan softbank group corp 9984  tiger global management ribbit capital temasek and lightspeed venture partners a spokesperson from blackrock did not reply to an inquiry from marketwatch those investors were part of a group of 69 that took part in a 421 million funding round in ftx in october 2021 at a company valuation of 24 billion by september 2022 ftx’s valuation reportedly climbed to 32 billion as the company started raising an additional 1 billion in funding as reported by cnbc and others now the investment by these and other firms could be worth much less if ftx has trouble generating cash and handling withdrawals by account holders one placement agent in the private fundraising space told marketwatch the situation at ftx will likely chill venture capital and private equity interest in blockchain and cryptocurrency businesses particularly in funds specializing in digital currencies the situation at ftx has also sparked steep losses in the cryptocurrency markets themselves on the heels of the binanceftx deal announcement also read bitcoin falls to twoyear low after crypto exchange binance proposed to buy rival ftx other names in the long list of investors in ftx include insight venture management nea management paradigm medical industries coinbase ventures coin  izzy englander institutional venture partners and lux capital group quarterback tom brady and his exwife giselle bundchen are listed as angel investors according to data from factset the potential blowup at ftx comes about 18 months after the former american airlines arena in miami was rebranded as ftx arena after ftx paid 135 million for naming rights to ftx stadium in miami home of the nba team the miami heat