FTX Seeks To Declare Again Tens of millions in Funds to Celeb Athletes like Shaq, Naomi Osaka
FTX, a bankrupt crypto trade, is investigating the potential of reclaiming hundreds of thousands of {dollars} paid to movie star athletes and sports activities groups for selling.
FTX Is Attempting To Get better Tens of millions Of {Dollars} Paid To Celeb Athletes
FTX, a bankrupt crypto trade, is investigating the potential of reclaiming hundreds of thousands of {dollars} paid to movie star athletes and sports activities groups for selling the trade previous to its chapter submitting in November 2022.
On August 31, FTX’s monetary advisors produced a full listing of high-profile individuals and companies who have been funded as a part of the trade’s advertising and marketing actions in a court docket submitting. The investigation’s objective is to evaluate if the funds will be reversed beneath laws that permit bankrupt firms to recuperate funds.
Funds on the listing embrace $750,000 to former basketball celebrity Shaquille O’Neal, greater than $300,000 to tennis professional Naomi Osaka, greater than $270,000 to former baseball nice David Ortiz, and greater than $200,000 to American soccer quarterback Trevor Lawrence. As well as, the Golden State Warriors earned about $420,000 in compensation, and the Miami Warmth obtained greater than $250,000 in payouts.
It is value noting that a number of of the celebrities cited in FTX’s grievance have been subjected to class motion lawsuits from FTX customers in search of compensation. Teams of FTX purchasers have sued O’Neal, Osaka, and the Golden State Warriors.
