Tom Brady faced millions in losses from FTX’s collapse
In a stunning turn of events, former NFL quarterback Tom Brady faces financial turmoil after losing a staggering $30 million in the collapse of cryptocurrency giant FTX. The now-worthless shares were part of Brady’s arrangement with FTX in 2021 when he was still an “ambassador” for the firm. Gisele Bundchen, his ex-wife, lost $18 million on worthless stock investments. Since FTX declared bankruptcy in November last year, Brady has suffered significant financial losses and faces legal trouble due to the company’s demise. After divorcing in October, Brady and Bundchen are now sued by FTX investors seeking payback from celebrity endorsers. The case, filed in federal court in Florida, names as defendants basketball great Shaquille O’Neal and many other individuals who allegedly failed to do enough research before endorsing FTX goods to the general public. You might also like: Former FTX compliance chief supports lawsuit against celebrity promote...