Crypto trading shop Folkvang has some assets locked on FTX that it has used to facilitate trading, but can "easily absorb this hit."

The firm issued a statement on Twitter outlining its exposure, alongside a number of other trading firms, including GSR and Genesis. Still, the firm said: "It has been a very dark and difficult few days for crypto." It added: "We are absolutely shocked and saddened by the events of the week but have full faith that we can come out of this stronger. "