GettyImages 1240861875 e1655932015831 Trevor Lawrence denies losing nearly $15 million in cryptocurrency

Trevor Lawrence denies losing nearly $15 million in cryptocurrency

-Trevor Lawrence did not lose $15 million after taking his entire $24 million signing bonus last year in cryptocurrency thats now worth just $9 million.

-Lawrence made that clear on Twitter today, explaining that when he said last year he got a signing bonus in cryptocurrency, he was referring to the signing bonus he got for an endorsement deal with cryptocurrency exchange FTX.

-He was not referring to his $24 million signing bonus as the first overall pick in last years NFL draft.

-For starters, NFL players cant actually get paid in cryptocurrency. They get paid in U.S. dollars.

-And income tax is withheld from players paychecks, so Lawrence never had $24 million to lose in the first place.

-But Lawrence is making money off cryptocurrency through his endorsement deal with a cryptocurrency exchange, and if he puts that money into cryptocurrency, then hes lost a lot of money since his endorsement deal started.

 

 

GettyImages 1240861875 e1655932015831 Trevor Lawrence denies losing nearly $15 million in cryptocurrency
Trevor Lawrence denies losing nearly $15 million in cryptocurrency 3

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