FTX Collapse: Stars Tom Brady and Gisele Bundchen Lose $70 Million in Largest Crypto Fraud

On the list of gullible millionaires whose money has irretrievably sunk with the once strongest crypto exchange FTX, well-known faces from the entertainment and sports world have also found their place. Recently former married couple, sports star Tom Brady and supermodel Gisele Bundchen, not only appeared in Super Bowl commercials for the infamous FTX but were also shareholders of the company.

According to documents submitted to the court on Monday, Brady owns 1.1 million common shares, while Bundchen owns 686 thousand. According to Forbes, the value of the NFL star’s investment is estimated at $45 million, while the supermodel and entrepreneur Bundchen’s investment is valued at $25 million.

At the peak of its business, FTX was valued at $32 billion, and it seems that investors will lose all their invested money, as defrauded users are first in line for repayment.

The largest bail

Among the so-called high-profile investors are billionaire and owner of the New England Patriots, Robert Kraft, and entrepreneur and Shark Tank show star, Kevin O’Leary, who stated in December for CNBC that he lost $15 million that FTX owes him for acting as a brand ambassador.

Most of that money was paid by FTX in crypto and is now ‘trapped’ on the platform. Among the failed investments is that of Endeavor, owner of UFC and WME, which purchased 38 thousand shares through IMG.

A week ago, Sam Bankman-Fried appeared in court and stated that he does not feel guilty for stealing billions of dollars from the platform’s users. The federal court in New York set the highest bail ever – $250 million and ordered him to remain under house arrest at his parents’ home in California until the trial begins and to wear an electronic monitoring bracelet.