They cashed in. He’s looking at decades in prison.
Bankman-Fried faces a long jail term if he is convicted of misappropriating some $8 billion in customer funds before his company went bankrupt last year. The former billionaire faces decades in prison if convicted on all seven charges.
In a press release about the partnership, which referred to the then-couple as “global icons,” Brady praised Bankman-Fried and the “revolutionary FTX team” that “continue to open my eyes to the endless possibilities.” Curry also signed on to a “long-term partnership” with the company for which he received an equity stake, according to afrom 2021 that said the NBA superstar would serve as a “global ambassador” and “tout the viability of cryptocurrency to new audiences around the world.”
FTX also paid NBA legend Shaquille O’Neal $750,000 to hawk its service, according to filings in its bankruptcy case. O’Neal is also named in the class action, but avoided being served until May, during his live coverage of a Miami Heat-Boston Celtics playoff game, according to attorney Adam Moskowitz,.
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