- FTX crash is troubling dozens of its promoters.
- FTX was the third biggest crypto exchange in the crypto sector.
The globally popular cryptocurrency exchange failures have scared crypto users, investors, and approximately a dozen companies that are worst affected by the collapse of cryptocurrency exchange.
The crypto exchange filed for bankruptcy on November 11, 2022, and the founder and chief executive officer of FTX, Sam Bankman Fried, was the one who filed the company’s bankruptcy; soon after bankruptcy, he resigned from his position at the firm.
Kevin O’Leary, the judge and investor of ‘Shark Tank, noted in an interview with CNBC that he lost all the amount FTX paid to Kevin to act as the exchange’s spokesperson.
FTX investors and users sued Kevin and several other celebrities for promoting the exchange at an extreme level, which may have resulted in the collapse of FTX.
Kevin highlighted that the “Total deal was just under $15 million, all in,” he added, “I put about $9.7 million into crypto. I think that’s what I lost. I don’t know. It’s all at zero.”
The sudden collapse of FTX has reputationally damaged and financially damaged Kevin and many other celebrities and forced them to face legal proceedings against them.
It is important to note that Kevin invested more than a million in FTX equity, which is now worthless or useless, and the remaining amount went into taxation and agent fees.
It is believed that Kevin was promoting FTX on a large scale on Twitter and other social media and often quoted his good relations with the founder of FTX.
Kevin noted that he invested the amount he received for being a spokesperson of FTX because, as per the exchange norm, he needed to invest back in FTX.
Recently on December 8, 2022, TheCoinRepublic reported that FTX was on the brink of signing a sponsorship deal with Taylor Swift. Still, the deal did not reach the finalisation part due to some severe reasons.
The sponsorship deal of Taylor was opposed by some of the members of the FTX marketing team, and a close link quoted that “No one really liked the deal. It was too expensive from the beginning,” lead added, “very high,” “That’s front of the soccer jersey level prices.”
Trebuie remarcat faptul că pentru toate acele celebrități care susțin firmele cripto, recentul colaps FTX a fost cea mai tare lecție. Totuși, înainte de prăbușire, Comisia pentru Valori Mobiliare și Burse din SUA (SEC) a luat măsuri severe împotriva prizei fără dezvăluiri adecvate. Examenul din Texas este un memento că s-ar putea aplica și legile de stat privind valorile mobiliare.
Andrew este un dezvoltator blockchain care și-a dezvoltat interesul pentru criptomonede în timpul absolvirii sale. El este un observator pasionat al detaliilor și își împărtășește pasiunea pentru scris împreună cu a fi dezvoltator. Cunoștințele sale backend despre blockchain îl ajută să ofere o perspectivă unică scrisului său
Source: https://www.thecoinrepublic.com/2022/12/09/ftx-collapse-made-spokesperson-kevin-oleary-lost-15-million/