Stephen Curry is an ambassador for FTX, the world’s second largest cryptocurrency exchange. During the market euphoria, they partnered with him and launched a ridiculous ad narrated by none other than Shaquille O’Neal. It’s almost comical to see athletes investing their money in something they know nothing about.
At the time of writing, the Cryptocurrency market has taken a nose dive following a very public feud between FTX and Binance, which is the world’s largest exchange. FTX has been acquired by Binance and as a result the stock is not doing well now. But what about Stephen Curry and Shaquille O’Neal?
The two basketball legends were publicly invested in the company and have also shown interest in NFTs and tokens. What happened to their fortune?
Also read: $400 million Shaquille O’Neal claims he never understood Bitcoins and thus stays away from investing in them
Stephen Curry and Shaquille O’Neal were tapped for FTX’s ultimate ad
Before we dissect the investments and their results, let’s look at the ad itself. Shaq, shot at the height of market euphoria, is an ever so “unreliable narrator” he talks about why Curry is an expert in “crypto” while the latter walks around doing his chores.
.@StephenCurry30 stars in FTX’s “Not An Expert” campaign, narrated by @SHAQ.
The crypto exchange company was valued at $32 billion in January in a $400 million funding round.
(🎥: @FTX_Official) pic.twitter.com/J6XRbgRBs5
— Boardroom (@boardroom) March 29, 2022
Jobs include baking cookies, making pasta and carving an ice sculpture of a monkey. A perfectly normal day in the Curry household, we suppose.
they talk about why FTX is a good place to put your money and why you don’t need to be an expert to buy, trade and sell crypto. We bet the two look back on their partnership and think they never should have done this.
Also read: “Stephen Curry’s Bored Ape Is Worth $145,000 or 75 ETH Today!”: How the Warriors Superstar’s Crypto Investment Is Going Amid Market Turmoil
What happened to Steph and Shaq’s money amid FTX’s plunge?
We assume like everyone else that their investments are underwater. Considering the volatile nature of the market and the current price dive, there is virtually no way they are profitable.
FTX was once valued at $32 billion during last year’s market cycle peak. But since then, it has plummeted. And since Binance bought it behind closed doors, no one knows the true extent of the damage.
We also know that Curry once bagged a Bored Ape Yacht Club NFT token for a whopping $145,000. A six-figure digital image! Now that symbol is worthless.
And what’s more, they both have their own NFT lines. Which we think might not be doing so well right now. FTX is now in a world of trouble, and the hammer of federal regulation may soon fall.
Steph and Shaq might not be too happy about that. Their money is basically wasted and there is nothing they can do to recover. The best hope is to ride out the storm.
Also read: ‘Never been happier about a game 11 games into the season!’: Stephen Curry drops 47, shows relief as Warriors beat Kings
