In a shocking turn of events, legendary NFL player Tom Brady FTX crashed and his wife, supermodel Gisele Bundchen, found themselves at the center of a financial disaster involving cryptocurrency exchange FTX.
Recent reports reveal that the power couple lost a staggering $50 million due to the collapse of FTX.
Tom Brady FTX crash, considered by many as the greatest NFL player of all time, entered into a partnership with FTX in 2021.
The deal, which involved the now-bankrupt cryptocurrency exchange, paid Brady a substantial amount of $30 million.
Surprisingly, the majority of this compensation came in the form of FTX stock.
The Downfall of Tom Brady FTX and its Consequences
As the FTX scandal unfolded, it became evident that the value of Brady and Bundchen’s investments had plummeted.
FTX bankruptcy led to their shares becoming completely worthless. The collapse of the cryptocurrency trading platform resulted in significant financial losses for the couple.
Moreover, Brady and Bundchen found themselves facing legal action, as they were named in a class-action lawsuit filed against FTX. The lawsuit accuses FTX, along with celebrities such as Shaquille O’Neal, Steph Curry, and Larry David, of promoting the company and misleading investors.
Tom Brady Fruitless Attempt to Reach FTX Executives
During the critical period when FTX was collapsing, Tom Brady made an urgent phone call to FTX executives, seeking answers and guidance. However, his attempts to contact them were met with silence and disregard.
Cena Nader, the head of FTX Partnerships, dismissed Brady call, despite being in a crisis meeting with FTX founder Sam Bankman-Fried. Nader’s shocking decision to ignore Brady call, considering the magnitude of the situation and the substantial investment involved, raises eyebrows and questions the integrity of FTX leadership.
While their combined wealth exceeds the $48 million lost in the FTX bankruptcy, it is still a significant blow. Tom Brady, with his numerous endorsements and business ventures such as TB12, remains a highly influential figure in the sports world.
However, the extent of his financial recovery and future prospects is yet to be determined.
Wrap-Up Tom Brady FTX Crash
The FTX disaster has left Tom Brady and Gisele Bundchen reeling from a devastating financial setback. Their association with the now-bankrupt cryptocurrency exchange has cost them a staggering $50 million. Despite being one of the most successful athletes in history, Brady attempts to reach out to FTX executives during the crisis were fruitless. As the legal battle ensues, the couple must navigate the aftermath of this financial catastrophe. The repercussions of the FTX debacle serve as a reminder of the risks involved in the volatile world of cryptocurrency and the importance of due diligence when entering into financial partnerships.