Brady Victim Of Collapse
Legendary NFL quarterback Tom Brady suffered massive financial losses due to the FTX crypto exchange collapse that are likely irrecoverable and is part of a lawsuit surrounding the collapse. However, it looks like Brady and his former wife Gisele Bündchen were simply victims in the whole ordeal. A Financial Times report says Brady and Bündchen collectively lost more than $84 million in the FTX collapse as Brady’s stake was worth $53 million and Bündchen’s was worth $32 million at its peak. Advisors for both were “extremely diligent” and saw what they believed were legit financials. Unfortunately for Brady and Bündchen, there were underlying issues with the company that their advisors did not see and it ultimately cost them millions when FTX went bankrupt.