The FTX collapse in 2022 has brought down many companies and individuals who were in relation with the company. The firm filed for Chapter 11 bankruptcy in November 2022 after which its founder and CEO Sam Bankman-Fried stepped down from CEO position. Currently, John J. Ray III is positioned as CEO of FTX to assist the investigation.
The bankruptcy filing of FTX has revealed many information and individuals who were in connection with the firm. One such revelation is Football star Tom Brady and New England Patriots owner, Robert Kraft who happens to be FTX stock holder. The others include crypto firms Blackrock, Coinbase, Lightspeed Venture Partners, Pantera Ventures and Tezos Foundation.
The document claims that Tom Brady, who promoted FTX earlier, owns more than 1.1 million common shares of FTX. Along with Brady, his ex-wife and supermodel, Gisele Bundchen has more than 680,000 shares of FTX.
FTX Bankruptcy Filing Reveals List Of Shareholders
On the other hand, the filing also portrays that Kraft Group’s KPC Venture Capital LLC holds more than 110,000 Series B shares in FTX. It’s just not that, as per the reports, KPC Venture also has 479,000 Class A common shares and 43,545 Series A preferred shares in West Realm Shrines, the firm which owns FTX US. Tom Brady is one of the Wall Street and Silicon Valley groups who have faced trouble with their FTX shares.
However, the value of investments are difficult to know and also the estimate of dollar value of shares are not easy to understand as FTX collapsed before going public.
It’s been reported that FTX used its FTT token to purchase businesses which also includes the crypto portfolio company Blockfolio which the FTX purchased in 2020. In fact, the deal was 94% funded by FTT token.
During the same time this year, FTX had raised $400 million and valued the company at $32 billion which had quoted Sam Bankman-Fried as one of the world’s richest persons. Unfortunately, the fame couldn’t last long and FTX collapsed.
Source: https://coinpedia.org/news/tom-brady-gisele-robert-kraft-coinbase-are-among-the-major-ftx-shareholders-facing-black-out/