Recently released court filings reveal some of the high-profile names who invested Sam Bankman-Fried‘s ftx Cryptocurrency exchanges and the size of their holdings.
What happened: The filing comes from the FTX bankruptcy court case in Delaware and details the investors who put their money into Bankman-Fried’s failed venture, including tom bradyhis ex wife Gisele BundchenOwner of the New England Patriots robert kraft and billionaire hedge fund manager Paul Tudor Jones,
Both Brady and Bündchen Hold shares of FTX Trading. The NFL superstar owns more than 1.1 million common shares, while Bündchen owns more than 680,000. According to Bloomberg.
Brady’s ex-NFL boss Kraft owns shares of FTX trading KPC Venture Capital LLC (connected to kraft group, The firm has more than 110,000 Series B preferred shares, as well as 479,000 Class A common shares and 43,545 Series A preferred shares in West Realm Shire, which runs FTX US.
Additionally, sports business reporter Darren Rowell Tweeted on Tuesday that “the owner of the Brooklyn Nets joe tsaiwas the 15th largest owner of the family office company.”
Jones is also listed as a shareholder through family trusts, although the amount of his holding was not specified.
Why it matters: Some celebrity boosters of FTX are facing a class action lawsuit, alleging they misled other customers on the security of the FTX crypto exchange. Those celebrity supporters include Brady, Bündchen, steph curry And Larry David,
It is estimated that more than $8 billion of clients lost due to the collapse of FTX. New management team at FTX working to recover hundreds of millions of dollars in cash hundreds of bank accounts,
Investment bank Jefferies Group reportedly assesses FTX creditors could get up to 40% back their lost money,
After returning to the US, Bankman-Fried was released from custody in December after being posted a $250 million bail package, the largest in US history. The judge overseeing the case sets a target date for the trial to begin on or around October 2, 2023.
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