According to The Block, Galaxy Digital, a financial services and investment management company focused on digital assets, disclosed that its exposure to FTX funds was $76.8 million, of which $47.5 million is currently "in the process of exiting." million US dollars, assets under management nearly 2 billion US dollars, an increase of 17% over the previous quarter. The company's losses were due to "decreased valuations of certain investments due to external market conditions" and increased operating expenses for mining operations due to impairment of mining assets, while the company retained $1.5 billion in liquidity and $1 billion in cash .