FTX bankruptcy docs show Tom Brady held over 1 million shares in the crypto exchange
by Emma Roth from The Verge - All Posts on (#67QA2)
The NFL star once served as an ambassador for FTX. | Photo by Alex Slitz/Getty Images Tom Brady's weighty investment in FTX is on the verge of evaporating. New bankruptcy filings show that the Tampa Bay Buccaneers quarterback holds over 1.1 million common shares in the defunct cryptocurrency exchange, while his ex-wife and fashion model Gisele Bundchen holds around 680,000, as reported earlier by Bloomberg and Insider.
The NFL star and his then-wife have served as brand ambassadors for FTX since 2021 and even appeared in a series of commercials for the exchange (which really haven't aged well). According to an estimate from Forbes, Brady's investment was valued at around $45 million, while Bundchen's was worth about $25 million. In its report, Insider notes, During typical bankruptcy proceedings, only bond holders are...