Crypto Downfall Dragged In Stars Like Tom Brady & Stephen Curry
Investors in FTX and holders of the FTT token have had a difficult week as a result of the extraordinary series of events that resulted in rival Binance preparing to acquire the exchange. What about the star quarterback of the National Football League (NFL), Tom Brady, and the National Basketball Association (NBA), Stephen Curry?
Crypto Downfall Dragged With It Stars Like Tom Brady & Stephen Curry
Sports teams enthusiastically welcomed multimillion-dollar contracts in 2021 with cryptocurrency companies like FTX, an exchange for exchanging digital assets.
BRADY BLOODBATH: Tom sacked in crypto currency meltdown #TampaBayBuccaneers #Buccaneers #TBBuccaneers #Bucs #yahoo https://t.co/aaNlmEW1Zp
— Buccaneers Fans (@BuccaneersViews) November 10, 2022
Following the catastrophic downfall and likely acquisition of FTX, a well-known cryptocurrency exchange, by Binance on November 8, the future of such relationships is questionable.
One of the most well-known investors in cryptocurrencies in 2021 was Tom Brady, who frequently expressed his support for the currency on social media.
OH SHIT! When you thought you had a bad day…
THINK AGAIN !August 7 2022#TomBrady put $650 million into FTX cryptocurrency#NFT #NFTCommunity #NFTFam #NFTs #Crypto #Bitcoin #FTXCRASH #cryptocrash #FTT #FTTcrash pic.twitter.com/RnbSt5S7c7
— I Make Money Chilling On My Phone 📱💰 (@Profitabundance) November 10, 2022
Tom Brady’s investments may now be in danger as the company that was behind them, according to Gizmodo and The Guardian, has been acquired. The takeover has caused a huge run of withdrawals that have reached a point where the company’s capacity to repay them is in jeopardy.
In September 2021, Stephen Curry also established a connection with FTX. His initial investment in the cryptocurrency market was this one. Although Stephen Curry has won another NBA title since signing a contract with FTX, it appears that he will also lose money on this purchase. When the four-time NBA champion signed a relationship with FTX last year, he also acquired shares in the company. What will happen to his philanthropic organisation, Eat.Learn.Play, support for which was also included in the agreement, is unknown.
https://twitter.com/J___G____/status/1590740181988290561?s=20&t=lTsDGdkyYP2bym8GDqGSxQnbsp;
We also know that Curry once paid a stunning $145,000 for a Bored Ape Yacht Club NFT token. Six figures for a digital image! That token is now useless.
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