Whether it was a C-list celebrity or global superstars like Tom Brady and Gisele Bundchen, everyone remotely involved in the entertainment industry seemed to jump on the bandwagon. cryptocurrency carriage a few years ago. The cryptocurrency market FTX it attracted the elite of elites. His disappearance ended up costing Brady, Bundchen and countless others millions and millions of dollars.
It seemed like FTX was trending every day in 2022. Several celebrities joined the company in ambassadorial roles, then by the end of 2022, it was trending for all the wrong reasons.
Sam Bankman-Fried was the founder of the company. He was telling investors false information that resulted in one of the biggest financial disasters In modern times. Billions of dollars were lost. Many people were unable to recover any of their investments. There are plenty of celebrities who are still facing class action lawsuits for their alleged involvement.
Tom Brady FTX Losses
According to the New York Times, Brady lost $30 million while Bundchen lost $18 million. If those staggering losses aren't hard enough for the now-former power couple to swallow, they've also been sued by a group of FTX clients seeking compensation from the celebrities who backed the platform.
READ: TAYLOR SWIFT IS SMARTER THAN TOM BRADY AND SHAQ, REVEALS FTX SPONSORSHIP DECISION
Some of these lawsuits are moving forward, and quite quickly, too.
Last October, Kim Kardashian was ordered to pay $1.26 million for failing to make proper disclosures when she was pushing a certain crypto token.
Most ordinary people couldn't see the appeal in any of the FTX or various crypto pushes at the time. This is despite the fact that every other major celebrity endorses coins, platforms, and NFTs.
In addition to the FTX debacle Brady finds himself in, the former NFL QB lost a staggering amount of money in the ridiculous Bored Ape NFT he bought
Brady bought the NFT in April 2022 for 133 ether, valued at $430,000 at the time. Four months later, that 133 ether was valued at $235,000. Today, 133 ether is valued at just under $249,000.
