Tom Brady Lost $30 Million in FTX Stock After Exchange’s Collapse, Report
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. Brady is one of several celebrities sued by
FTX customers for their endorsements of the collapsed crypto trading platform.
Longtime NFL quarterback Tom Brady received $30 million from FTX, mostly in the form of company stock, the
New York Times revealed in a report this past Friday. Besides Brady, who served as an ambassador for
FTX, his ex-wife, supermodel Gisele Bündchen, got $18 million, also in stock, the report added.
The former couple and other celebrities were named in a lawsuit filed by
FTX customers unhappy with their endorsements for the failed exchange.
The newspaper also wrote that pop icon and Grammy Award winner Taylor Swift was in talks with
FTX and after months of discussions signed a deal with the exchange that could have paid her up to
$100 million. Citing sources familiar with the agreement, the publication revealed that
Bankman-Fried eventually pulled out of the deal.
