How Much Did Tom Brady Lose In The Crypto Scandal

Tom Brady, along with other high-profile figures, lost a significant amount of money in the FTX cryptocurrency crash.

Brady, a brand ambassador for FTX, held over 1.1 million common shares, while his ex-wife, Gisele Bundchen, had nearly 700,000.

Tom Brady Crypto Scandal
Tom Brady Crypto Scandal: Photo source (Crypto.com)

FTX’s collapse in November 2022 wiped out these investments, with the company’s peak valuation at $32 billion.

FTX’s new CEO, John Ray III, admitted the inability to recover all losses, and former CEO Sam Bankman-Fried faced charges, including fraud and money laundering, before resigning as FTX filed for bankruptcy.

Bankman-Fried later acknowledged his failure on Twitter.

Tom Brady and his initial involvement with FTX

In June 2021, Brady and Gisele B√ľndchen starred in a $20 million FTX ad campaign, gaining equity and cryptocurrency.

Rumors suggest FTX’s crash played a role in their split.

 

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