Former MMA fighter and Strikeforce Middleweight champion Jake Shields has taken a dig at the Cryptocurrency website FTX on Twitter. World Economic Forum (WEF) recently gave FTX high ratings on leadership and governance. The ratings, however, came under fire.
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Jake shields tweeted “FTX recommend by WEF with a Perfect ESG score.”
FTX recommend by WEF with a Perfect ESG score pic.twitter.com/0X9AWbfHwL
— Jake Shields (@jakeshieldsajj) November 14, 2022
FTX has been on a downward spiral in recent times. Authorities are investigating FTX to find out if they are involved in an economic inconsistency or criminal offense. The cryptocurrency exchange suffered an enormous loss of customers as the news broke out about FTX not having enough liquid assets to cover up withdrawals.
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Jake Shields is not the only one speaking out against FTX. Rival crypto exchange ‘Binance’ has also pulled back the merger proposition. A source watching the deal closely said that after going through FTX’s books, Binance reportedly called them a ‘black hole’.
Tom Brady and his ex-wife, Gisele Bundchen, invested $650 million in FTX
NFL star Tom Brady and His ex-wife Gisele Bundchen had invested a massive $650 dollars in FTX. The equity deal made Tom Brady the Brand Ambassador and Bundchen the adviser for the environmental initiatives.
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NEW YORK, NY – MAY 06: Tom Brady (L) and Gisele Bundchen attend the Costume Institute Gala for the “PUNK: Chaos to Couture” exhibition at the Metropolitan Museum of Art on May 6, 2013 in New York City. (Photo by Michael Stewart/Getty Images)
Tom Brady could now lose a fortune after FTX filed for bankruptcy. FTX founders and inner circle may reportedly land in further trouble for unethical usage of consumer funds for their hedge fund ‘Almeda Research‘.
FTX gets ratings for leadership: Jake Shields disapproves
In this turmoil, the WEF has given ratings that a lot of people are agreeing with. The World Economic Forum is an international non-governmental and lobbying organization based in Cologny, canton of Geneva, Switzerland. It announces scores for companies in environmental, social, and governance aspects.
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FTX Digital Market, a subsidiary of FTX had its assets frozen in the Bahamas. In a series of tweets on Thursday, the FTX founder and CEO said that he did not have enough liquidity to cover withdrawals and that he was more leveraged than he had thought. What do you think about the recent happenings?
