Who is associated with FTX?

FTX’s user funds also got locked, which also brought regulatory attention to the situation and also to the industry. Besides Tom Brady, American basketball player Steph Curry and Japanese tennis player Naomi Osaka are also associated with FTX. The Major League Baseball and Formula 1 teams have also collaborated with the crypto exchange.

Why is FTX a popular cryptocurrency exchange?

The FTX exchange is one of the most well-known crypto exchanges, even to people outside the cryptocurrency sphere, because of its connections to many famous figures who have promoted the site. What is the FTX Crypto crash? FTX Crypto used to be the second-biggest crypto exchange in the world.

How will FTX meltdown affect celebrities?

FTX Latest Updates: The sudden collapse of crypto exchange FTX is likely to affect many celebrities and popular sportspersons. In the mainstream finance world, the likes of Anthony Scaramucci and Mike Novogratz are among the ones who are impacted by FTX meltdown.

Why did FTX collapse?

T he collapse of the cryptocurrency exchange FTX has cost a multitude of people and organizations a substantial amount of cash. FTX, the crypto exchange founded by Sam Bankman-Fried, filed for bankruptcy on Friday. The company's value has collapsed after once making Bankman-Fried a multibillionaire and a top Democratic donor.