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Sharp drop FTX It also came down on celebrities who promoted cryptocurrency exchanges in exchange for large sums of money.
Shaquille O’Neal, Tom Brady, Stephen Curry, Larry David and others sued for over $5 billion for promoting company Sam Bankman-Fried.
Taylor Swift: How did she escape the chaos of FTX?
The celebrity was saved from all these problems. Taylor Swift turned down a potential $100 million contract to promote FTX.
Adam Moskowitz, lawyer for the multi-million dollar lawsuit, told The Scoop podcast that the celebrities involved didn’t check to see if the FTX broke some laws, except Taylor Swift.
FTX offered $100 million to promote himself on tour Taylor Swift in 2021. This will include ticketing as NFTs.
An incredible offer that some FTX employees didn’t like at the time was eventually rejected Taylor Swiftafter the key question: “Can you tell me that these are not unaccounted for values?”
FTTcryptocurrency FTX it was offered as collateral because it was supposed to be an “investment” but was not registered.
End of FTX.
FTX it collapsed last November, losing billions of dollars.
Sam Bankman-Fried was extradited from Bahamas and he faces charges that could mean 100 years in prison.
Source: RPP
I am Ben Stock, a passionate and experienced digital journalist working in the news industry. At the Buna Times, I write articles covering technology developments and related topics. I strive to provide reliable information that my readers can trust. My research skills are top-notch, as well as my ability to craft engaging stories on timely topics with clarity and accuracy.