Last year, top NBA draft star Cade Cunningham of the Detroit Pistons signed a deal with BlockFi to make 100% of his signing bonus in Bitcoin.
As part of the agreement, Cunningham will partner with BlockFi to produce educational videos, while participating in promotional giveaways and exclusive interviews. Cunningham earns about $10 million a year, but it’s not clear how much he will earn in cryptocurrency through his partnership with BlockFi.
Prior to the news on November 11, BlockFi announced that due to the FTX incident, the company could not operate as usual and suspended withdrawal services. Earlier today, it was reported that BlockFi plans to file for bankruptcy protection.
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