Tom Brady's Association With Collapsed FTX Exchange Left Him With Huge Losses: Here's How Much The Quarterback Lost
Portfolio Pulse from Shanthi Rexaline
Former NFL star Tom Brady and supermodel Gisele Bündchen reportedly lost millions of dollars due to their association with the now-defunct cryptocurrency exchange FTX. Brady was paid $30 million and Bündchen received $18 million, both almost entirely in FTX stock. The couple was also given Ethereum (ETH), Bitcoin (BTC), and Solana (SOL) to trade on FTX, which disappeared following the exchange's bankruptcy. Customers have sought compensation from Brady and Bündchen, who are also required to pay taxes on their now worthless FTX stock.
July 08, 2023 | 6:28 pm
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NEGATIVE IMPACT
Bitcoin was one of the cryptocurrencies given to Brady and Bündchen to trade on FTX. The tokens disappeared following the exchange's bankruptcy.
The bankruptcy of FTX and the loss of Bitcoin tokens could potentially impact the price of Bitcoin in the short term due to the negative sentiment.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Ethereum was one of the cryptocurrencies given to Brady and Bündchen to trade on FTX. The tokens disappeared following the exchange's bankruptcy.
The bankruptcy of FTX and the loss of Ethereum tokens could potentially impact the price of Ethereum in the short term due to the negative sentiment.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Solana was one of the cryptocurrencies given to Brady and Bündchen to trade on FTX. The tokens disappeared following the exchange's bankruptcy.
The bankruptcy of FTX and the loss of Solana tokens could potentially impact the price of Solana in the short term due to the negative sentiment.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50