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Naomi Osaka in troubles after FTX failure

by News Desk
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Naomi Osaka I’m having trouble with FTX failing. The Japanese star isn’t having an easy time in her career, after she famously revealed to the world at the French Open 2021 that she was struggling with mental health issues.

Naomi is a shareholder of FTX, a cryptocurrency exchange that filed for bankruptcy on November 11th. FTX plummeted from $22 to $1.40 in the last seven days. FTX CEO Sam Bankman-Fried, who is currently under investigation for how he managed the company he founded in 2019, has already filed for bankruptcy following the massive devaluation of the cryptocurrency.

Naomi signed a contract with FTX in March 2022. She bought a stake in her FTX, and the deal foresaw that the Japanese tennis player would become the company’s ambassador to the world. Her deal with Naomi Osaka also included her participation in creating multimedia content to promote cryptocurrencies.

Osaka, along with many other sportsmen such as Lewis Hamilton and George Russell, lost all proceeds from FTX’s bankruptcy.

FTX Fails: What Happened

James Bromley, a platform attorney at Sullivan & Cromwell law firm, said the bankruptcy proceedings would allow him to see what the company really looked like and admit that the emperor had no clothes. Managed by shallow individuals.

Here is an international organization headed by Sam Bankman-Fried as a private fief.

Rumor has it that some of those millions of dollars were used to purchase luxury real estate in the Bahamas. In one of his, the former CEO was weaving between long nights, pills, and romantic relationships to live with 10 other people.

Additionally, former FTX CEO Sam Bankman-Fried, along with his parents and other managers of the cryptocurrency trading platform, have purchased a property in the Bahamas for $121 million over the past two years. Ignorance fosters suspicion about missing funds.

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