Failed cryptocurrency exchange FTX paid out hundreds of thousands of dollars in high-profile marketing and sponsorship deals to celebrities like Shaquille O’Neal, Naomi Osaka, and David Ortiz, among others, according to court documents in its ongoing bankruptcy procedures.
In a court filing submitted to the U.S. Bankruptcy Court in Delaware by FTX’s current management, the company disclosed a detailed list of celebrities, businesses, and sports teams that received payments over the years as part of its marketing blitz.
The company acknowledged that the list itself “may not reflect an exhaustive list of all deposits and repayments,” but said that it is working to identify all outstanding payments made in prior years to see how much of this can be clawed back to cover its debts.
The list includes payments made to many celebrities featured prominently as FTX promoters before it collapsed.
According to the filing, FTX paid close to $750,000 to former NBA star Shaquille O’Neal, about $308,000 to tennis star Naomi Osaka, almost $206,000 to Jacksonville Jaguars quarterback Trevor Lawrence, and about $271,000 to former Boston Red Sox player David Ortiz.
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Author: Nicholas Morgan
Tip BTC Newswire with Cryptocurrency