Notable

Just a short while ago, FTX was one of the world’s largest cryptocurrency exchanges, but it experienced a swift downfall that shook the entire sector. Tom Brady, a former star of the NFL and one of the ambassadors of FTX during its peak periods, was one of those most affected by this collapse. Brady, according to claims, suffered losses exceeding tens of millions of dollars, and it doesn’t seem possible to recover these losses.<h2 id="ftx-incident-hits-star-players">FTX Incident Hits Star Players</h2>NFL’s star player, Tom Brady, lost $30 million due to the FTX incidents. The majority of these losses seem to be company shares. Data relayed by NYT in an announcement on Friday reveals that the famed player received payments in stock for most of the advertisements he appeared in. Brady’s advertisements were broadcasted on most U.S. television channels before FTX went bankrupt.<img class="aligncenter size-full wp-image-235858" src="https://coin-turk.com/wp-content/uploads/2023/07/Ekran-Resmi-2023-07-09-14.09.01.png" alt="" width="958" height="606">However, Brady was not the only one affected. Notable figures such as supermodel Gisele Bündchen also suffered due to their partnerships with FTX after its downfall. It’s reported that the supermodel received a $18 million stock payment, which is now deemed worthless.<h2 id="o-neal-curry-and-many-more-affected-by-ftx">O’Neal, Curry, and Many More Affected by FTX</h2>Another victim of the FTX collapse is NBA star Shaq O’Neal. O’Neal received a summons related to this case in April. Stephen Curry was another affected by these incidents, declaring substantial financial losses.Interestingly, it’s stated that pop star Taylor Swift also received an offer from FTX. Swift, who reportedly turned down a $100 million proposal, was reported to have rejected the deal because it didn’t sit well with her, particularly highlighting the issues related to the exchange.FTX’s swift downfall, which was seen as a multi-billion-dollar empire, definitely created a shockwave in the cryptocurrency sector, and the aforementioned celebrities were among those affected. FTX is currently in bankruptcy proceedings, and if managed correctly, the exchange is expected to repay some of its debts.The post <a href="https://en.coin-turk.com/ftx-collapse-leaves-prominent-figures-including-tom-brady-with-huge-losses/" rel="noopener noreferrer nofollow">FTX Collapse Leaves Prominent Figures Including Tom Brady with Huge Losses</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

FTX Collapse Leaves Prominent Figures Including Tom Brady with Huge Losses

Table of Contents

COINTURK NEWS

Other articles published on Jul 9, 2023

Shido's Official Site updated!

Lightning Labs releases tools to integrate Bitcoin, Lightning Network with AI

Cryptocurrency’s Impact on Low-Income Workers: Opportunities and Risks

Bitget Will List ADreward (AD) in the Innovation and Web3 Zone

Coinbase Users Report Scams and Phishing Attacks on Twitter

Bitcoin Bull Mike Novogratz Urges to Buy BTC After This Revelation

Join our free newsletter for daily crypto updates!