Million

The collapse of FTX, a cryptocurrency exchange, has had a devastating impact on Tom Brady and Gisele Bündchen, who were major investors in the company.   
Brady and Bündchen reportedly lost millions of dollars due to the collapse, as they had invested a significant portion of their wealth in FTX stock.   
The couple's involvement with <a href="https://optimisus.com/news/crypto-news/ftt-token-surges-70-in-a-week-amidst-speculation-of-ftx-relaunch/">FTX</a> began in 2021 when they signed a lucrative endorsement deal with the company.   
As part of the deal, Brady and Bündchen appeared in a series of commercials for FTX and promoted the company on social media. They also received a large sum of FTX stock as part of the deal.   
The collapse of FTX came as a shock to many, as the company had been one of the most successful cryptocurrency exchanges in the world.   
However, the collapse was due to a number of factors, including the recent decline in the cryptocurrency market and the company's exposure to risky investments.   
The collapse of FTX has had a significant impact on Brady and Bündchen's finances. According to The New York Times, the couple lost an estimated $25 million due to the collapse. This is a major setback for the couple, who are worth an estimated $650 million.   
The collapse of FTX has also raised questions about the ethics of celebrity endorsements for cryptocurrency companies. Some critics have argued that celebrities like Brady and Bündchen should not promote risky investments to their fans. 
The post <a rel="nofollow" href="https://optimisus.com/market/market-news/tom-brady-allegedly-loses-30-million-investment-in-ftx-exchange-collapse/">Tom Brady Allegedly Loses $30 Million Investment in FTX Exchange Collapse</a> appeared first on <a rel="nofollow" href="https://optimisus.com">Optimisus</a>.

Tom Brady Allegedly Loses $30 Million Investment in FTX Exchange Collapse

Optimisus

Other articles published on Jul 9, 2023

SEC Responds to Coinbase’s Claims of Lacking Jurisdiction in Crypto Exchange Prosecution

Shiba Inu Records Seven-Day High in Transaction Volume, Reaching $46.45 Million

Shakeup at Binance: Top Executives Depart Amidst Leadership Concerns

JPMorgan Chase Faces $38.99B in Fines as New SEC Action Begins

Ripple Labs Unveils Ambitious Initiative to Revolutionize Real Estate Through Tokenization

Join Shido's ever growing Community!

Join our free newsletter for daily crypto updates!