Financial advisers working for FTX believe they can get some of that money back.
The now bankrupt crypto exchange, which actually has intentions to restart operations at some point, reportedly wants to retrieve some of the money it paid to professional athletes and teams that used to promote it.
During its peak in 2021, FTX was on a roll, striking massive deals to acquire the naming rights of arenas, as well as being promoted by numerous celebrities and professional athletes. Of course, the exchange had to pay for those., and Naomi Osaka. Tom Brady had a different approach, as he and his former wife actually took an equity stake in the exchange.
According to a Bloomberg report, FTX Group now wants to get some of the funds paid to O’Neal, Osaka, and others for their promotions over the years.
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