Steph Curry Allegedly Paid $35M For Promotion Of Failed FTX Cryptocurrency

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Writer Michael Lewis alleges disgraced FTX CEO Sam Bankman-Fried paid NBA All-Star Steph Curry $35 million for 60 hours promotion, SF Gate reviews.

Throughout an interview on CBS’ 60 Minutes selling his new book, Going Infinite: The Rise and Fall of a New Tycoon, Lewis stated he met with Bankman-Fried over 100 instances, the place he received a have a look at some inner FTX paperwork exhibiting how a lot partnering celebrities made for working with the corporate.

“He paid Tom Brady $55 million for 20 hours a 12 months for 3 years,” Lewis stated. “He paid Steph Curry $35 million for a similar factor for 3 years.”

An advert that includes Curry, which might now solely be discovered on YouTube, painted the facade that he could still succeed within the crypto world with out being an knowledgeable since FTX made issues really easy.

Bankman-Fried is facing federal charges of wire fraud and cash laundering, with a trial beginning on Oct. 10—the identical day Lewis’ ebook is accessible to the general public. Curry has been listed in a class-action lawsuit in opposition to the failed firm and its supporters.

Curry joined the company as a global ambassador with an equity stake in 2021. FTX welcomed the Golden State Warrior with open arms in a since-deleted submit.

“Welcome to the FTX Group, NBA Famous person Stephen Curry!” the tweet stated, in accordance with AfroTech. “We’re excited to announce he’s turn into FTX World Ambassador and a shareholder. Although, who higher to announce it than @StephenCurry30 himself.”

The cryptocurrency change folded a 12 months later in November 2022.

NBA legend Shaquille O’Neal and tennis professional Naomi Osaka have been additionally listed within the lawsuit that claims the superstar endorsements of FTX have been “fraudulent.” So as to add insult to harm, Shaq was served during the playoff game between the Boston Celtics and the Miami Warmth. Court docket filings report that Osaka allegedly pocketed over $300K, and O’Neal reportedly acquired near $750K from FTX.

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