FTX seeks to reverse payments made to Shaquille O’Neal, Naomi Osaka, Stephen Curry, and other celebrity athletes who promoted the crypto exchange before it filed for bankruptcy. FTX’s collapse Sam Bankman-Fried started FTX in 2019 as a digital currency exchange platform that lets people buy and trade cryptocurrency. Customers began opening accounts on FTX to trade and buy cryptocurrency, and top venture capital investors began pouring into it. According to Tech Target, by January 2022, the company was worth $32 billion. However, that ended in November 2022 when an accounting
Renowned tennis champion Naomi Osaka has forayed into the world of digital fashion in a new partnership with Meta Avatars. Osaka has unveiled her flagship digital apparel collection that showcases her unique sense of style which she describes as “eclectic, unpredictable, yet comfortably cool.” The collection launched on Wednesday with five outfits that draw inspiration from her Haitian and Japanese heritage, her love for tennis, her media company Hana Kuma, and even her beloved dog Butta. “Being able to take trends from the real world and translate into the metaverse
Several Black celebrities are facing lawsuits and investigations for promoting FTX, the crypto exchange that collapsed earlier this month, costing US investors $11 billion in damages. A Texas regular is investigating Steph Curry, among others, over payments received to promote FTX, as well as any disclosures made to determine whether any unlawful practices took place. “We are taking a close look at them,” Texas State Securities Board’s Joe Rotunda said in an interview with Bloomberg News. Rotunda emphasized that the celebrities under investigation “aren’t the most immediate priority [but] they’re
