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Did Trevor Lawrence really lose $15 million in crypto crash?

Jacksonville Jaguars quarterback Trevor Lawrence might have taken a success in the cryptocurrency crash however is he really out $15 million?

Trevor Lawrence grew to become one of many faces of the cryptocurrency motion in the NFL when he signed a take care of a crytpo app earlier than he was chosen No. 1 total by the Jaguars in the 2021 NFL Draft.

Now, persons are trying on the phrases of that deal and questioning simply how a lot he’s misplaced in the current crypto crash.

According to some, it may very well be a lack of thousands and thousands.

“Last year, Trevor Lawrence announced his entire $22.9M signing bonus would be placed into a cryptocurrency account,” SB Nation tweeted. :Since then, the mixed worth of that pockets has fallen greater than 60%, at present valued round $9M.”

The bother with that declare? It’s a bit misinformed.

Did Trevor Lawrence really lose $15 million in the crypto crash?

Joe Pompliano tried to clear issues up on Twitter by explaining the state of affairs.

“Trevor Lawrence signed an endorsement deal with a crypto app called Blockfolio. And he accepted his signing bonus (on the deal) exclusively in crypto….but everyone is reporting it like he received his actual NFL signing bonus in crypto,” Pompliano wrote.

Instead, it appears that evidently Lawrence signed with Blockfolio and acquired paid a part of his signing bonus for that deal in crypto. His $22.9 million signing bonus with the Jaguars was not concerned in that account.

That doesn’t imply Lawrence hasn’t misplaced cash in crypto. There simply isn’t good proof that his losses are anyplace in the thousands and thousands. Until somebody can show he moved his NFL signing bonus into crypto, the numbers don’t add up.

Lawrence is at present preparing for his second season in Jacksonville after a attempting time in 2021. As a lot because the crypto crash can be a priority, his larger problem can be getting the Jaguars to enhance on final 12 months’s 3-14 report.

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