Tom Brady’s business empire faces FTX drama after NFL retirement

Brady was front and center in FTX’s marketing efforts — once appearing in a Fourth of July video in which he used a flamethrower to melt a block of ice with a cryptocurrency token inside. When FTX filed for bankruptcy, Brady quietly deleted all of his tweets related to the company.

Last month, court filings revealed that Brady held more than 1.1 million common shares of FTX at the time of its bankruptcy, while Bündchen has more than 686,000 common shares. Forbes estimated that Brady’s stake was worth $45 million before FTX’s collapse rendered it worthless.

In December, longtime New England Patriots fan Michael Livieratos sued Brady, alleging the NFL legend’s involvement with FTX led him to dump nearly his entire life savings into the bankrupt platform.

Source: Tom Brady’s business empire faces FTX drama after NFL retirement