Former FTX Engineering Director: FTX once paid celebrities $1.3 billion in promotion fees
2023-10-17 02:37
Odaily News During SBF’s criminal trial, FTX’s former engineering director Nishad Singh read out a list of transactions in a spreadsheet in court, which showed that FTX provided promotion funds to celebrities and influencers in excess of $1 billion. Those deals include FTX spending $135 million to rename Miamis famed entertainment center FTX Arena (now Kaseya Center). The list also includes a $28 million payment to NBA basketball player Steph Curry, a $14 million payment to Canadian businessman Kevin OLeary, and an undisclosed amount to NFL quarterback Tom Brady, supermodel Gisele Bundchen and actor Larry David. . Singh said the transactions totaled $1.3 billion. (The Block) Previous news, crypto KOL Autism Capital released some information about the FTX trial on the Caroline Ellison, former FTX chief technology officer Gary Wang, and former FTX engineering director Nishad Singh handed over their personal assets — including cryptocurrencies and Serum (SRM) — to Alameda in order to maintain operations. He even included his own personal FTX stake, which he had tried to hide in Paper Bird, another independent non-Alameda/FTX entity he owned.
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