Stephen Curry Shocked by $8 Billion Loss Alongside Shaquille O'Neal and Tom Brady

Golden State Warriors legend, Stephen Curry made headlines along with Shaquille O’Neal and Tom Brady back when FTX went bankrupt. Curry, who is known for his business ventures outside the NBA has been building an empire for the past few years. The NBA superstar has made significant investments in Tonal and Oxigen Water. Furthermore, Steph has a lucrative endorsement deal with Under Armour, through which he has also been able to start his Curry Brand.

While Steph has made a lot of investments, not all of them have worked out in his favor. One such investment that went extremely sideways, was his collaboration with FTX. For those of you who don’t know, FTX earned a valuation of $32 billion in November 2022. However, in just a couple of months, the company was sued for fraud and declared bankruptcy. Here’s what Steph had to say about the debacle:

“It went crazy sideways. And you make decisions based on the facts that you have in front of you, and you take some chances. Like obviously, nobody wanted to see it play out that way. And it’s obviously way bigger than just me being an endorser for the company and some of the names that you mentioned. But it’s one of those shots that you took that didn’t pan out,” (Via The Circuit)

Unlike Steph Shaq Had to Pay $11 Million for His Association With FTX

Stephen Curry wasn’t the only one who caught heat for his association with FTX. Lakers legend, Shaquille O’Neal had to pay a sum of $11 million for the settlement of a class action lawsuit against him. Tom Brady and his ex-wife, Gisele Bundchen also faced a lot of backlash for their involvement in the entire thing.

In fact, Brady’s payment for his endorsement, which was $32 million in FTX stocks turned to dust as soon as the company was accused of fraud. However, as Stephen Curry said, with things like this, the best course of action is to take one on the chin and continue moving forward. Kevin O’Leary and Tennis superstar, Naomi Osaka were also under a lot of fire following FTX’s collapse. The CEO of the exchange, Sam Bankman-Fried, got the worst of it and was sentenced to 25 years in prison. Furthermore, he was also asked to repay $11 billion.

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Stephen Curry and Shaquille O’Neal are in the process of making empires through their fame and resources. Surely, such a massive task can’t be completed without making a few mistakes along the way. It is refreshing to see that the FTX scandal didn’t deeply affect Steph and Shaq as the two have continued to carry forward with their business ventures in peace. It'll be interesting to see where Stephen Curry's many business ventures take him after his time in the league comes to an end.

What do you think about Stephen Curry’s association with FTX? Let us know in the comment section below.