Brady lost 30 million dollars in the downfall of FTX

Tom Brady will be 30 million dollars lighter after the crash of the cryptocurrency company FTX as he was the company ambassador.

Report: Tom Brady and Gisele lost an astonishing $48 million in the FTX cryptocurrency crash last year.

Tom Brady had invested a staggering $30 million into FTX, while his then wife had contributed $18 million from her personal wealth.

In exchange for their investments, Tom… pic.twitter.com/OdpH8CmXYB

— Dov Kleiman (@NFL_DovKleiman) July 6, 2023

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The former QB got in 2021 from FTX company’s stock worth 30M dollars which is now worthless for the company’s promotion.

FTX filed for bankruptcy in November last year, and the company’s ex-chief, Sam Bankman-Fried, can be charged with fraud.

Tom, who triumphed with 7 Super Bowls during his long NFL career, can face legal and financial problems.

People are suing FTX and want their money back from celebrities promoting the cryptocurrency company. Other famous people that promoted FTX were Shaquille O’Neal, Larry David, Naomi Osaka, and Steph Curry.

Before the company’s collapse, it was valued at 32 billion dollars.