Tom Brady, Gisele, Ontario Teacher’s Pension Plan among biggest losers of the FTX cryptocurrency meltdown
The meltdown of the cryptocurrency exchange FTX cost a handful of celebrities considerable sums of money.
The once high-flying company filed for bankruptcy in November, and its founder and CEO Sam Bankman-Fried (who lost billions himself) is awaiting trial in New York City on fraud charges, to which he has pleaded not guilty. Co-founder Gary Wang reportedly lost nearly $2 billion.
Recently, a 68-page document revealed in court the individuals and investment firms who had the largest shares in the company. At its peak in September of 2021, FTX was valued at $32 billion U.S. At that point, shares were trading at $80.
Leave a Reply