2019-11-22 00:29 |
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Disgraced entrepreneur Sam Bankman-Fried is helping... FTX investors? Yes. Celebrity endorsers (Tom Brady, Shaquille O’Neal, Stephen Curry, and Shohei Ohtani) are being sued.
With athletes and teams venturing into the crypto domain, the interaction between cryptocurrencies and sports is becoming more noticeable, prompting both excitement and caution.
Tom Brady suffered a $30 million loss in the collapse of FTX crypto, facing legal challenges. Other celebs like Logan Paul and Neymar Jr. have also been hit hard with similar losses.
The FTX collapse dealt a devastating blow to Tom Brady, the popular NFL quarterback, causing him to suffer significant financial losses. Known for his role as an ambassador for FTX, Brady frequently appeared in their commercials, endorsing the cryptocurrency company.
The Moskowitz law firm has been standing outside NBA superstar Shaquille O’Neal’s studio all week to “hand deliver” the legal complaint with no success, according to a recent statement.
Per a report from the Washington Examiner, NFL Legend Tom Brady and others are facing a class action lawsuit from FTX investors. The football player is one of the many celebrity ambassadors who vouched for the crypto exchange platform.
NFL legend Tom Brady recently launched a non-fungible token (NFT) company called Autograph. Today, the brand announced a new video podcast series hosted by one of the NBA’s hottest talents, the Indiana Pacers’ point guard Tyrese Haliburton.