FTX's venture backers included Patriots owner Robert Kraft and billionaire Paul Tudor Jones, new filings show
Publishing timestamp: 2023-01-10 19:36:51
Summary
Court filings released late Monday revealed that high-profile investors such as Robert Kraft, Paul Tudor Jones, Tom Brady, and Gisele Bündchen lost money betting on crypto exchange FTX. Sam Bankman-Fried, FTX's co-founder and former CEO, has pleaded not guilty to multiple criminal charges. Despite being partially regulated by the Commodity Futures Trading Commission, FTX US clients face an arduous process in bankruptcy court to try and retrieve some of their money. Equity investors in FTX US are staring at zero.
Sentiment: NEGATIVE
Keywords: alibaba group holding ltd, fintech, investment strategy, coinbase global inc, cryptocurrency, tom brady, cryptocurrency exchanges, business news, technology, robert kraft,