Tom Brady Lost $30 Million in FTX Stock After Exchange’s Collapse, Report

Former National Football League (NFL) backmost Tom Brady has reportedly mislaid tens of millions of U.S. dollars successful banal of the failed crypto speech FTX. Brady is 1 of respective celebrities sued by FTX customers for their endorsements of the collapsed crypto trading platform.

Brady and Bündchen Were Paid Millions of Dollars successful FTX Stock

Longtime NFL backmost Tom Brady received $30 cardinal from FTX, mostly successful the signifier of institution stock, the New York Times revealed successful a study this past Friday. The U.S. shot prima appeared successful commercials for the integer plus speech earlier it filed for bankruptcy extortion successful November 2022.

Besides Brady, who served arsenic an ambassador for FTX, his ex-wife, supermodel Gisele Bündchen, got $18 million, besides successful stock, the study added. The banal doesn’t outgo overmuch since the illness of FTX, 1 of the largest crypto trading platforms, the laminitis of which faces a transgression trial.

The erstwhile mates and different celebrities were named successful a suit filed by FTX customers unhappy with their endorsements for the failed exchange. The crypto level was besides promoted by tennis prima Naomi Osaka and Golden State Warriors defender Stephen Curry among others.

In this radical of promoters was besides National Basketball Association (NBA) Hall of Famer Shaquille O’Neal who was served a ineligible announcement successful the class-action lawsuit successful April aft allegedly trying to debar being served for rather immoderate time.

According to the New York Times, Brady and Bündchen starred successful a $20 cardinal advertizing run for FTX. Brady adjacent posted Tiktok videos with the company’s laminitis and erstwhile main executive, Sam Bankman-Fried, from the FTX office successful the Bahamas. Bankman-Fried was arrested determination successful January and extradited to the U.S. wherever helium was charged with defrauding investors.

The paper besides wrote that popular icon and Grammy Award victor Taylor Swift was successful talks with FTX and aft months of discussions signed a deal with the speech that could person paid her up to $100 million. Citing sources acquainted with the agreement, the work revealed that Bankman-Fried yet pulled retired of the deal.

What result bash you expect from the suit against the endorsers of crypto speech FTX? Tell america successful the comments conception below.