FTX founder and former CEO Sam Bankman Fried announced this via Twitter on Friday FTX.US, FTX trading, quantitative research company Alameda Research and 130 other affiliated companies of the FTX Group have started voluntary Chapter 11 bankruptcy procedure.

This begs a very simple question: what will happen to all the companies that FTX has bought?

On a lending and acquisition spree throughout 2022, Bankman-Fried spent nearly $2 billion to help struggling companies and acquire bankrupt firms to prop up the industry beset by extreme volatility after the collapse from Do kwon Terra blockchain and the fueling of their native Luna token that started the domino effect in the industry. The first domino was Capital with three arrows with others to follow shortly and now FTX.

Also read: Coinbase Cuts More Staff as Bankman-Fried FTX Rocks Cryptocurrency Market

Here’s who FTX helped.

First, Voyager Digital VYGVQ received two lines of credit, one for approximately $200 million and the other for approximately $15,000 Bitcoin BTC/USD on June 19 from Alameda Research.

Shortly thereafter, on July 5, Voyager Digital filed for Chapter 11 bankruptcy. FTX.US — which also filed for bankruptcy — was subsequently selected as the winner to buy Voyager’s $1.42 billion in assets on September 27.

The impact of FTX’s bankruptcy on the Voyager acquisition is unclear, although other well-known companies participated in September’s auction Coinbase Global Inc COIN and binance.

Crypto Lending Platform BlockFi announced it had secured a $250 million revolving credit line from FTX on June 21, with Bankman-Fried saying he wanted the company to navigate the market from a position of strength. The deal included an option for FTX to buy BlockFi.

BlockFi announced this on Friday it stopped withdrawals on the platformwho said in a statement on Twitter that the company could no longer operate as usual, citing “a lack of…