Uruguayan unicorn reports $5.6 million stuck in FTX as damage adds up

Companies • November 17, 2022, 1:59PM EST
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Quick Take

  • DLocal is not working with any other crypto exchange.
  • The Uruguayan payments company has $5.6 million tied up on FTX.

Uruguayan payments unicorn DLocal has $5.6 million tied up on FTX, the company said in a filing.

“We are not working with any other crypto exchange as banking service, and our exposure to the crypto ecosystem is minimal as processing FIA payments for crypto exchanges represented less than 0.3% of our TPV in the third quarter of 2022,” referring to total payment volume, the company said in its third-quarter earnings report earlier this week.

DLocal is the latest company to reveal exposure to FTX following its bankruptcy protection filing on Friday.

Earlier, The Block reported troubled Asian crypto lender Vauld has around $10 million in stuck funds stuck on FTX.


© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

AUTHOR

Christiana Loureiro profile picture Christiana Loureiro

Christiana is a long-time journalist who has written about markets in the Americas, politicians who stashed cash in their underwear and high-end heels, to name just a few. She previously spent six years at Bloomberg, and her work has appeared in the WSJ, LA Times, Insider, Vogue Business and more. Christiana has a bachelor's degree in English from Pace University and a master's degree in journalism from New York University. She completed a master's degree in media psychology for fun.

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AUTHOR

Kristin Majcher profile picture Kristin Majcher

Kristin Majcher is a senior correspondent at The Block, based in Colombia. She covers the Latin America market. Before joining, she worked as a freelancer with bylines in Fortune, Condé Nast Traveler and MIT Technology Review among other publications.

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Editor

To contact the editors of this story: Walden Siew at [email protected], Madhu Unnikrishnan at [email protected]

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