Canadian Singer Drake Loses $400K Bitcoin Bet

Drake, a well-known Canadian rapper, and singer lost a $400,000 bitcoin wager he placed on boxer-turned-YouTuber Jake Paul.

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Drake had wagered that Jake Paul would defeat Tommy Fury via knockout.

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The singer would have received $1.4 million in bitcoin if Jake had won the fight over Tommy Fury.

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Tommy Fury ended Jake Paul's winning streak by defeating him on February 26, 2023, in Diriyah, Saudi Arabia.

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Prior to the match, Drake staked 17 BTC on Jake Paul to defeat Tommy Fury through a knockout. After losing the fight to Tommy Fury, Jake Paul made a joke and blamed Drake for his loss.

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Jake also mentioned that Drake had bet on him before and won a lot more money than the current $400,000 bet.

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