
Tom Brady and his ex-wife Gisele Bundchen reportedly lost millions after the cryptocurrency company FTX collapsed last fall. Brady, a longtime NFL quarterback, had served as an ambassador for FTX and had regularly been featured in commercials for the company. As part of the now-defunct company’s deal with the star couple, Brady was paid $30 million in stock, while Bundchen received $18 million.
Unfortunately, since FTX is now bankrupt and its founder Sam Bankman-Fried is facing criminal charges, the stock is now completely worthless. Brady even made an “urgent phone call” to FTX head of partnerships Sina Nader during the collapse. Nader said he was “surprised” to have received a call from Brady and noted that he was in a crisis meeting with Bankman-Fried and others at the time.
The couple is now part of a lawsuit filed by a group of FTX customers who are angry about the endorsement from celebrities. Other prominent names mentioned in the lawsuit include comedian Larry David, tennis star Naomi Osaka, Golden State Warriors guard Stephen Curry and NBA Hall of Famer Shaquille O’Neal. O’Neal had been avoiding process servers for a while, but was eventually caught at an NBA game earlier this spring.
It was reported that Brady and Bündchen had starred in a $20 million advertising campaign for FTX and the former quarterback also posted TikToks with Bankman-Fried from the company’s headquarters in the Bahamas. Singer Taylor Swift was also in discussions with FTX for a deal that could have earned her $100 million, however, it was Bankman-Fried who ultimately pulled out, leaving her team “frustrated and disappointed”. Because of this, the Miami Heat’s arena, which was to be sponsored by FTX, is now called the Kesaya Center.