Tom Brady, Ontario Trainer’s Pension Plan amongst losers of FTX meltdown

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Printed Jan 14, 2023  •  2 minute learn

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FILE - The FTX Arena logo is seen where the Miami Heat basketball team plays on Nov. 12, 2022, in Miami. The former CEO of failed crypto firm FTX Sam Bankman-Fried has been arrested in the Bahamas at the request of the U.S. government, the U.S. attorney's office in New York said Monday, Dec. 12.
FILE – The FTX Enviornment emblem is seen the place the Miami Warmth basketball crew performs on Nov. 12, 2022, in Miami. The previous CEO of failed crypto agency FTX Sam Bankman-Fried has been arrested within the Bahamas on the request of the U.S. authorities, the U.S. legal professional’s workplace in New York mentioned Monday, Dec. 12. Photograph by Marta Lavandier /THE ASSOCIATED PRESS

The meltdown of the cryptocurrency trade FTX price a handful of celebrities appreciable sums of cash.

The as soon as high-flying firm filed for chapter in November, and its founder and CEO Sam Bankman-Fried (who misplaced billions himself) is awaiting trial in New York Metropolis on fraud costs, to which he has pleaded not responsible. Co-founder Gary Wang reportedly misplaced practically $2 billion.

Just lately, a 68-page doc revealed in courtroom the people and funding companies who had the most important shares within the firm. At its peak in September of 2021, FTX was valued at $32 billion U.S. At that time, shares have been buying and selling at $80.

In fact many extra common traders misplaced cash too, simply not as a lot individually as these folks.

THE BIGGEST FTX LOSERS:

New England Patriots owner Robert Kraft, center, carries the trophy with his team’s then quarterback Tom Brady as they leave the field after the 2018 AFC championship game.
New England Patriots proprietor Robert Kraft, heart, carries the trophy together with his crew’s then quarterback Tom Brady as they go away the sector after the 2018 AFC championship sport. Photograph by Related Press

Tom Brady and Gisele Bundchen: The NFL legend and his super-model ex-wife starred in commercials for FTX and had quite a lot of shares.

Brady had 1.1 million frequent shares of FTX Buying and selling, which have been value about $93 million on the peak, in keeping with the Each day Mail.

Bundchen has greater than 680,000 shares and so they have been value $57 million on the excessive.

That mentioned, no person but is aware of if they really paid something for the shares or got them for selling FTX.

“It’s an extremely thrilling time within the crypto-world and Sam and the revolutionary FTX crew proceed to open my eyes to the limitless potentialities,” Brady mentioned in 2021. “This specific alternative confirmed us the significance of training folks in regards to the energy of crypto whereas concurrently giving again to our communities and planet. We now have the possibility to create one thing actually particular right here, and I can’t wait to see what we’re capable of do collectively.”

Gisele Bundchen attends the “Rei Kawakubo/Comme des Garcons: Art Of The In-Between” Costume Institute Gala at Metropolitan Museum of Art on May 1, 2017 in New York City.
Gisele Bundchen attends the “Rei Kawakubo/Comme des Garcons: Artwork Of The In-Between” Costume Institute Gala at Metropolitan Museum of Artwork on Might 1, 2017 in New York Metropolis. Photograph by Neilson Barnard /Getty Photos

Brady’s agent, Don Yee, and a spokesman for Robert Kraft didn’t instantly reply to DailyMail.com’s request for remark.

Robert Kraft: Kraft owns the NFL’s New England Patriots and is an in depth good friend of Brady’s. He has a internet value of over $10 billion, so probably doesn’t care an excessive amount of that his greater than 600,000 shares, which have been as soon as valued at $53 million, are actually nearly nugatory.

Peter Thiel speaks at the New York Times DealBook conference on November 1, 2018 in New York.
Peter Thiel speaks on the New York Instances DealBook convention on November 1, 2018 in New York. Photograph by Stephanie Keith /Getty Photos

Peter Thiel: One other billionaire, Thiel is value over $7 billion. He based Paypal and had round 300,000 shares valued at $25 million.

Los Angeles Angels Shohei Ohtani has been one of the top pitchers and hitters in the American League this season.
Los Angeles Angels Shohei Ohtani has been one of many high pitchers and hitters within the American League this season. Photograph by Jayne Kamin-Oncea /USA TODAY Sports activities

Shohei Ohtani: Ohtani, the most effective gamers in baseball and a former MVP who each pitches and hits, took a stake as an envoy in inventory, firm fairness and cryptocurrency. It’s unclear precisely what the collapse price him.

Different sporting figures like tennis star Naomi Osaka and Jacksonville Jaguars quarterback Trevor Lawrence additionally had related offers. Steph Curry, Shaquille O’Neal and tv star Larry David additionally misplaced out.

Leagues and arenas (like the house of the Miami Warmth) have additionally been impacted by the collapse. The Miami enviornment can be named Miami-Dade Enviornment for now as a substitute of FTX Enviornment.

Nearer to house, the Ontario Academics’ Pension Plan took a sizeable hit. It is going to write down the whole thing of its $95 million funding in FTX, in keeping with experiences.

The plan owned 11.9 million shares.

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