Solana-based gaming metaverse Star Atlas saw its cash runway cut in half after the collapse of crypto exchange FTX, its CEO said on Twitter.

ATMTA, the Star Atlas development studio, had “material cash exposure” on deposit at FTX, according to CEO Michael Wagner. Despite the turmoil, the company still has a “strong balance sheet,” he said. “While previously we had multiple years of runway given current operations ahead of us, that has presently been reduced by approximately one-half,” Wagner apologized to Star Atlas employees and users, saying “Clearly that trust has been betrayed. Poor timing, and a failure to have sufficient backup measures in place to respond expeditiously to situations such as this resulted in a compromised position. That is on me, and for that, I am sorry.”