Reports have shown what former Chief Executive Officer of the bankrupt cryptocurrency exchange FTX Sam Bankman-Fried allegedly paid Golden State Warriors star Stephen Curry to promote the failed cryptocurrency exchange.
NBA ALL-Star Was Paid $35 Million for FTX’s Promotion
Author Michael Lewis claimed in an interview with “60 Minutes” that the NBA All-Star Steph Curry was paid $35 million to promote the failed cryptocurrency exchange for 20 hours of work in a year for 3 years.
In the interview, while promoting his latest book, Going Infinite: The Rise and Fall of a New Tycoon about FTX founder Sam Bankman-Fried, Lewis said that he was fortunate to have met with the former CEO over 100 times.
The author claimed that during the times he got to meet with Sam Bankman-Fried, he got a look at some internal FTX documents which showed how much celebrities made from partnering with the crypto firm. This was how he got to know about Curry’s partnership deal with the crypto exchange.
“He paid Tom Brady $55 million for 20 hours a year for three years. He paid Steph Curry $35 million for the same thing for three years,” Lewis stated.
Lewis also claimed that tens of millions of dollars was paid to several other celebrities to promote FTX including a Superbowl ad. 60 Minutes took to their official X (Formally Twitter) handle to share a short video clip of the interview where Lewis revealed this.
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Author: Scott Matherson