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USA Today via Reuters

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USA Today via Reuters

After the Miami Heat decided to cut ties with FTX, the crypto company is still somehow hampering the team. The latest news update revealed that the now-bankrupt company managed to cause the Heat legend, Udonis Haslem, to lose out on a ton of money. And even though it wasn?t as much of a loss that Tom Brady sustained, the amount is still big for the aging great.?

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FTX was the second-largest cryptocurrency exchange and crypto fund company. But recently, the company filed for bankruptcy, losing about $152 billion overall. NFL legend Tom Brady too had a 0.14% share in the company.

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Sporting icons lose out due to FTX

Tom Brady’s reported total loss came up to a staggering $45 million in damages. And even if that may be just a blip in his net worth, the same cannot be said for Udonis Haslem. According to reports, Haslem lost about $15 million through an equity share in the company.?

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USA Today via Reuters

Haslem said, ?I got gypped out of $15 million. That?s what my equity had grown to. He didn?t dupe me. I signed a contract with a company and that?s part of it. A lot of people got hurt, and that?s where I feel sad.?

Read More – Shaquille O?Neal Drags Stephen Curry Into FTX Saga Days After Tom Brady?s Net Worth Dip

Fans on the other hand could not believe that Haslem, the oldest active player in the league right now, managed to lose so much money. One fan tweeted, ?Bro lost 10 years of his salary.?

Another fan commented, ?How he this old getting scammed by crypto.?

Here are some more reactions from NBA Twitter:

Fans seemed confused to see Haslem getting involved with cryptocurrency, while some mocked him over it.

Other NBA stars caught in the FTX scandal

Recently, a lawsuit against FTX named some big-name NBA stars in it. Names like Shaquille O?Neal?and Stephen Curry were brought up in the lawsuit against the company, with the claim being that they had a part in the entire scheme due to their appearance in advertisements promoting the company.

After this news broke out, Shaq gave a statement saying, ?A lot of people think I?m involved, but I was just a paid spokesperson for a commercial.?

Watch This Story – How underrated investor Kevin Durant made millions off the NBA court

What are your thoughts on the controversy surrounding FTX and several NBA stars? Let us know in the comments below.?

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Abhishek Dhariwal

1,425 Articles

“Good, better, best. Never let it rest. Until your good is better and your better is best” - Tim Duncan said this once, and I took it as a sign to keep working on myself, without fail! Being a basketball player all my life, it was natural for me to eventually become an NBA writer at EssentiallySports. Being a Spurs fan, I fell in love with Duncan and McGrady for making me the fan I am today. Their dedication to their field inspired me to never give up, despite my knee surgeries. Today, as an NBA writer, I get to share my unique perspectives with the world. The fact that I actually get to write about the things that I love, especially while getting to watch them live, it something I love about my job. With San Antonio landing a cornerstone for their franchise in Wembanyama, make sure you are paying close attention to Spurs-based pieces. When I am not knee-deep into all things basketball, I am gaming. I love PUBG, NBA2K and Forza Horizon. Want to have a spirited debate on my articles? Hit me up on the links below.

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Veer Badani

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