Tom Brady Lost $30 mn In FTX Stock
Former National Football League (NFL) quarterback Tom Brady has reportedly lost tens of millions of U.S. dollars in stock of the failed crypto exchange FTX. Customers of FTX have filed lawsuits against a number of famous people for their support of the defunct cryptocurrency trading platform, including Brady.
The New York Times reported this past Friday that veteran NFL quarterback Tom Brady received $30 million from FTX, the majority of which came in the form of company stock. Before the digital asset exchange sought bankruptcy protection in November 2022, the American football player made appearances in advertising for the company.
In addition to Brady, who acted as an ambassador for FTX, his ex-wife, supermodel Gisele Bündchen, received $18 million in stock, according to the article. Since the fall of FTX, one of the biggest cryptocurrency trading platforms, whose creator is facing criminal charges, the stock’s price has dropped significantly.
(With inputs from Shikha Singh)
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