"Educating people about the power of crypto..."
turns out to be an expensive education...
Tom Brady, Steph Curry and Kevin O’Leary set to lose big from FTX bankruptcy filing
Brady said in 2021. “This particular opportunity showed us the importance of educating people about the power of crypto...
while simultaneously giving back to our communities and planet.
We have the chance to create something really special here, and I can’t wait to see what we’re able to do together.”
Brady served as an ambassador for the company and Bündchen was FTX’s Environmental & Social Initiatives Advisor. The two also starred in several TV commercials for FTX.
FTX raised capital at a $32 billion valuation a few months after the announcement of the deal.
A similar story can be told for Steph Curry of the NBA champion Golden State Warriors, who was made a global ambassador for FTX and also given an equity stake in the company in 2021.
It’s unclear what will happen to the money investors put into in FTX, but their equity could be wiped out by the bankruptcy filing.
Other high-profile investors in FTX were Jacksonville Jaguars quarterback Trevor Lawrence, MLB’s Shohei Ohtani, tennis star Naomi Osaka and Sharktank’s Kevin O’Leary.
Additionally, Major League Baseball has a marketing deal with FTX where umpires wear an FTX logo on their shirts during games, and the NBA’s Miami Heat renamed their home stadium “FTX Arena” back in 2021.
According to a list compiled by the New York Times, financial groups that backed FTX include: Third Point Ventures, Tiger Global, Sequoia Capital, SoftBank and BlackRock
Edited by Rogerdodger, 14 November 2022 - 01:23 PM.