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Tom Brady and Gisele Bündchen’s Financial Setback. A Costly Investment in FTX Exchange
(Originally posted on : Crypto News – iGaming.org )
NFL legend Tom Brady has engaged himself in various entrepreneurial projects after ending his great playing career. In the middle of all the chaos, Brady and his ex-wife Gisele Bündchen both suffered a large financial setback due to an unfortunate turn of circumstances. The couple lost $48 million as a result of their joint investment in the FTX exchange.
Brady and Bündchen reportedly started working with the well-known cryptocurrency platform in 2021. They engaged in this joint enterprise when they were in a happy, devoted relationship. Brady made a large investment of $30 million, while Bündchen put up $18 million. Unfortunately, FTX’s collapse made their investment worthless. As part of their arrangement with the exchange, they bought business stock.
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FTX Exchange Bankruptcy | A Double Blow for Brady and Bündchen
In addition to wiping away the couple’s financial investment, the collapse of FTX also caused the loss of Ethereum, Bitcoin, and Solana tokens that were given to Gisele Bündchen, a well-known fashion model, and Tom Brady, a well-known quarterback and future Hall of Famer. These coins were created with the intention of being traded, but the FTX exchange’s lack of liquidity and reliability made them useless.
To make matters worse, Tom Brady, Gisele Bündchen, and NBA players Shaquille O’Neal and Stephen Curry are embroiled in legal disputes because of their connections to the failed transaction. According to these claims, the celebrities supported and promoted FTX, making them responsible for the fallout from its failure. Brady and his other well-known investors are thus faced with a difficult legal struggle.
Supermodel Gisele Bündchen and NFL great Tom Brady suffered a severe setback in their financial aspirations as a result of their regrettable investment in the defunct FTX exchange. Their personal wealth was affected by the loss of $48 million, and the value of their Solana, Ethereum, and Bitcoin tokens was also diminished.
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