Bankrupt FTX CEO once HAILED Tom Brady and Gisele Bündchen for entrusting him before wiping $48,000,000 of the iconic couple’s net worth

Tom Brady and his ex-wife Gisele Bündchen allegedly lost $48 million due to the FTX cryptocurrency crash.

Bankrupt FTX CEO once HAILED Tom Brady and Gisele Bündchen for entrusting him before wiping $48,000,000 of the iconic couple’s net worth

Tom Brady and Gisele Bündchen in their merry days (Image via Esquare)

The former New England Patriots QB Tom Brady had a very rough period of time back in 2022. He was going through a divorce with Gisele Bündchen after being married for 13 years. Brady also wasn’t having a good time on the field, as the Tampa Bay Buccaneers played horribly throughout the entire 2022 season. Moreover, he also suffered a huge financial loss due to the FTX cryptocurrency crash.

When Brady and Gisele were still a couple, they decided to dabble in the world of cryptocurrency and had ties with FTX. Back in November 2021, when the 15-time Pro Bowl QB and the Brazilian supermodel were part of FTX, the crypto’s CEO Sam Bankman-Fried hailed both of them for trusting him and his crypto exchange.

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During the Solana Breakpoint conference in Lisbon, Portugal, back in 2021, Sam Bankman-Fried made a virtual appearance. During the conference, the FTX CEO said he aims to hold partnerships with people who “hold the world’s collective imagination.” He further went on to say that there are a very small number of people in that category and he believes, “Tom Brady is one of them. Gisele is one of them.”

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The former Buccaneers QB was paid $30 million in FTX stocks to endorse the crypto exchange and his then-wife, Gisele Bündchen, was paid $18 million in stocks to serve as the head of the now-bankrupt organization’s environmental activities. When FTX went bankrupt back in November 2022, just a few months after Brady and Gisele’s decision to split, the couple’s FTX stocks became worthless.

Gisele and Brady’s net worth took a huge hit due to the FTX bankruptcy. Besides, both of them also had paid taxes on those stocks according to multiple reports. In the end, Brady and Gisele allegedly lost $48 million and got hit with a lawsuit for endorsing the cryptocurrency. The former couple had appeared in Super Bowl advertisements endorsing FTX.

Related: Colin Cowherd LAUDS QB Aaron Rodgers’ decision to take a massive $35,000,000 pay cut with the Jets

Tom Brady’s plans to own an NFL team gets complicated

Tom Brady Fox deal Patriots Raiders Mark Davis Vegas
Tom Brady (Image via Getty Images)

The Buccaneers icon Tom Brady agreed to a deal with owner Mark Davis to buy a minority stake in the Las Vegas Raiders NFL franchise. However, he might not go through with the deal due to the new NFL rule, which prevents team employees from being distributed equity in a franchise.

Davis reportedly had plans to employ Brady in his franchise as part of the deal for the 3-time league MVP to buy a stake in the Las Vegas-based franchise. But now he can’t do that.

Brady also said that he is looking to play a very passive role in the Raiders organization. However, this new rule complicates the deal and Brady might back out of it since he wouldn’t get the opportunity to work for the franchise. Both parties have to find other ways to make that deal work.

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