Catching the  FTX Promoters

About FTX

FTX is one of the leading cryptocurrency exchanges in the world. Infact, by volume FTX was the second largest exchange after Binance sometime back.

Founder of FTX

Sam Bankman-Fried is the founder of FTX. He's also the founder of Alameda Research, the investment arm of FTX.

The Bankruptcy

Acc. to a statement released by Sam, FTX requires over $9 billion to overcome bankruptcy. It has filed for bankruptcy.

SEC investigation

SEC has taken steps to investigate FTX for potential security violations, criminal activities or any sort of offense committed.

FTX Endorsers

Tom Brady, Gisele Bündchen, Stephen Curry, Larry David and other celebrity endorsers including Sam faces lawsuit

Charges Filed

The charges accused them of promoting unregistered securities & violating Securities and Investor Protection Act of Florida

How much they got paid?

Tom Brady and Bündchen were offered equity in the company  & $20 million to promote FTX globally.

Where is Sam?

SAM, co-founder Gary Wang are understood to be under the supervision of local authorities in Bahamas.

What's next?

FTX is likely to dissolve and with it crypto markets will face an intense sell-off. User's funds aren't safe anymore after the hack which is done intentionally

Why Binance didn't buy FTX?

Swipe up to learn why the deal failed to take-off.

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