Inside the epic crypto collapse of FTX—and how it hurts Tom Brady, Steph Curry and Joe Biden

https://nypost.com/ ^ | November 11, 2022 | Michael Kaplan, Social Links for Michael Kaplan

[Jonty30]

The buzzy company called FTX that he co-founded made him worth $15.6 billion — and celebrities wanted in on the profits.

Gisele Bündchen and Tom Brady co-starred in a $20 million ad campaign for FTX, receiving an equity stake in the company along with cryptocurrency in return. NBA legend Steph Curry was made a global ambassador for the company in exchange for an equity stake and even entangled his Eat.Learn.Play. charity with the platform. Tennis star Naomi Osaka was given an equity stake. Angels pitcher Shohei Ohtani and Aaron Jones of the Green Bay Packers both signed on as global ambassadors, receiving equity stakes.

During the 2022 Super Bowl, comedian Larry David starred in a commercial for FTX.

In the ad, which cost a reported $30 million, David listens as an actor playing an FTX executive implores him to invest via the company’s “safe and easy way to get into crypto.” Ever the skeptic, a smirking David replies: “Ehhhh, I don’t think so. And I’m never wrong about this stuff — never.”

[Jonty30]

Crazy Days and Nights alleges that A++ politician, somebody like a President or Prime Minister, lost upwards of 95% of his net worth on FTX collapse.

Two A++ politicians that are pictured in this story is Blair and Clinton.

[Jonty30]

I thought $16 billion was the lost, but that’s only Bankman’s personal fortune.

It’s actually double or greater than that.
So, it really is huge.

[tired&retired]

It truly would move toward justice if the Clinton’s $$$$$ was lost.

[MAGAthon]

by far the best analysis of the FTX story I’ve come across to date. this guy is a brilliant communicator. some more R’s who were lobbied by SBF mentioned around the 18min mark. keep in mind there are currently around 3,000 so-called crypto currencies:

Youtube 37m37s: 15 Nov: Evidence FTX was a Deep State Plan to Take Down Crypto Currency
by Mark Moss
https://www.youtube.com/watch?v=OYQMcYCN2EA

[Right_Wing_Madman]

Most people misuse the term "Ponzi scheme," but this was a classic Ponzi scheme. FTX paid profits to earlier investors with funds from recent investors and when people started to ask questions, recent investors were left holding the bag. Big-name celebrities and politicians lost a lot of money.

[Big Brother Go to Hell]

While technology does change over time, there’s still nothing new under the Sun. A Ponzi scheme is still a Ponzi scheme. Speculative frenzies eventually collapse, whether we’re talking about 1600s Dutch tulip bulbs, or 1929 stocks, or fake crypto “money.”

[janetjanet998]

Tom Brady making a video with FTX CEO Sam Bankman-Fried at the 2022 Crypto Bahamas Conference
https://rumble.com/v1ufz80-tom-brady-making-a-video-with-ftx-ceo-sam-bankman-fried.html

[V_TWIN]

Invest in crypto they said......you’ll clean up they said.......totally secure they said....

[csvset]

FTX’s general counsel was a known crooked lawyer involved with cheating in on line poker. FTX was a criminal enterprise from conception.

Ultimate Bet Scandal Lawyer Daniel Friedberg at Centre of FTX Crypto Crash

[1_Rain_Drop]

"It truly would move toward justice if the Clinton’s $$$$$ was lost."

BEAUTIFUL if they lost a lot of money. Sweet revenge. Better than sending her to Gitmo. LOL

Imagine her having to sell her mansions, living in section 8 apartment, getting food stamps, using public transportation, no security dudes, using obamacare, no more body doubles...

It'll be interesting to see how some super rich elites act now.

[Jonty30]

This is a really good video.
Thank you for putting a link up.

[Pigsley]

If Tom Brady, Larry David, Clinton, etc., were in this they chatted it up and bragged to their friends. A lot of people in Hollywood, politics, etc., have lost a great deal of money ala Madoff. Also, I’m waiting for the breakdown of exactly WHO got the campaign donations, how much and how it was spent. Something tells me old Hunter got his share.

[TTFlyer]

For some reason, IDGAF.

[2nd Amendment]

I choose to invest in groceries

[Fido969]

I think the celebs got equity stakes, and so they really didn’t “ lose” other than time.

Biden got what he wanted, so he didn’t lose, he was a big winner in the deal.

Any reporters going to grill Biden on the scam?

[martin_fierro]

[tom paine 2]

Also haven’t seen the full effect to people who borrowed money to invest in crypto. Margin call Mr. Duke.

[joshua c]

and cryptos are backed by what?

from the FTX example

it looks like nothing

[JPG]

Get rich quick, and get broke, quicker.

[chiller]

This has now evolved: Big money $$$$$$$$ moved accordingly:

US GOVT >> UKRAINE >> FTX>>>DEM campaigns.

Oh my. Jim Jordan will be all over this Jan. 8, and even big media won’t be able to ignore. The used OUR tax dollars for this shiite.