Warner Bros., Comcast, Fox, CAA and more Hollywood companies could lose millions after the bankruptcy of the cryptocurrency FTX
cryptocurrency bankruptcy case ftx It has been one of the biggest financial failures on the stock market. CRYPTOCURRENCIES. After months of speculation, it has been revealed that the creator and founder of FTX: Sam Bankman-fried Digital currency customer investments used for finance Investments from your other companies.
This matter has been under review for months and bankman-fried he was already imprisoned under 8 different charges, and it is still being discussed whether he will have to face More than 115 years in prison.
while he continues his judicial process in jail bahamas ftx Officially declared bankrupt. and between main investors That it is discovered that he has been scammed by the company. Great Hollywood producer. How will it affect them? Here we tell you!
Hollywood bet on the wrong horse
Sentenced according to judicial opinion banker-fried, companies like Warner Bros. Discovery, Netflix, Comcast, Fox, CAA and Amazon they lent money ftx in different ways through advertising contracts, sponsorships or direct investments. all these companies hollywood They are listed as official creditors of the company.
Apparently, they had the closest relationship. Comcast, Fox and Warner Bros. Discovery, As many advertisements encouraging investment in cryptocurrency appeared ftx In sports shows broadcast on his TV show.
court documents They do not specify how much money is owed to FTX These companies hollywood, But they maintain that some of them were mere customers or had some other relationship with the fraudulent company. For example, amazon website He was working closely with him and providing him with certain services to improve his technical performance.
Others, Netflix issued a statement to hollywood reporter Accusations that the company has nothing to do with ftx. โThis story is false. We have no record of having any relationship with Cryptocurrency and do not understand why they added us as creditors." Read in your statement.
These are some of the companies that had alleged ties to the company, such as newspapers New York Times, billboard, record and information are also on his list, as are technology companies Apple, Google, Facebook, Snap, Twitter and TikTok.
Although everything indicates ftx you owe a lot of money to these companies, it's really unlikely to recover your investment, since the complaints made against bankman-fried and your company is more focused on paying small customers and investors Those who bet on digital currency.
Has Hollywood learned its lesson?
world of cryptocurrencies nft have been very fashionable topics in the various circuits of hollywood and entertainment in general. Matt Damon was severely criticized in 2021 for appear in a crypto.com advertisement inviting people to invest, and slogan "fortune favors the brave" Making fun of the actor has become a great source of jokes and skits.
player tom brady He also spoke publicly about investing in ftx. Most of the criticism of these two stars is based on this. that they were irresponsible Using your image and influence to entice people to make risky investments. But the relationship does not end here. hollywood And celebrities with the world of cryptocurrencies.
Quentin Tarantino, Paris Hilton, Snoop Dogg, Warner Bros Discovery, Kate Moss, have placed bets among many other celebrities publicly by NFT, Exclusive sales of digital art. in the matter of west of bengal is even more innovative, because is the first Hollywood company to sell an official NFT for one of its products, because they recently released unpublished material Lord of the Rings This way.
But these business ventures have been plagued with controversy. company Miramax threatened to sue tarantino if i went ahead with the sale nft exclusive for pulp Fiction, But after a while, a report claimed that the company was selling these images. may be fraudulent And it really has nothing to do with the director. and manufacturer seth green lost nft that they bought to make an animated series adult swimming why They hacked into your digital wallet.
Some call these digital investments โthe market and the future of artโ. Unfortunately, the economic crisis has shown that The cryptocurrency market is extremely volatile, So it looks like this is the last nail in the coffin of their relationship. hollywood and digital currencies.
