Tom Brady, one of the greatest quarterbacks of all time, has lost his entire net worth on the cryptocurrency exchange FTX, which went insolvent yesterday.
The news comes as a devastating blow to Brady, who is known to have all of his money — $650 million — invested on the now-insolvent exchange.
How could did this happen? Let’s take a closer look.
The second largest cryptocurrency exchange FTX went bankrupt yesterday, leaving millions of investors stranded with no hope of getting their money back. Brady is believed to be one of them, as he is one of the exchange’s biggest supporters and brand ambassadors. Brady and his ex-wife Bündchen often appeared in commercials for FTX.
“It’s an incredibly exciting time in the crypto-world and Sam and the FTX team continue to open my eyes to the endless possibilities”, Brady ones said when asked about his FTX partnerships.
Brady’s ex-wife Gisele Bündchen last year said “Sam (FTX CEO) and I have a role in safeguarding our planet. I look forward to working with the FTX team to create a posivitve impact in our world!”
Yes, you heard that right. She literally said “safeguarding our planet” and “positive impact in our world” while promoting a fraudulent cryptocurrency exchange to her millions of followers.
With FTX being insolvent and their investors unable to withdraw their funds, Brady and Gisele are estimated to have lost $650 million.
Brady has yet to comment on the situation, but it’s likely that he is feeling immense pressure right now, given that he is in the midst of a divorce with his ex-wife Bündchen.
This is a cautionary tale for all investors: be careful where you put your money, especially when it comes to cryptocurrencies. Not your keys, not your coins!（BY Crypto Hub ）