FTX investors have been left grappling with the news that Binance will not come to the rescue of the beleaguered cryptocurrency exchange — this may be also bad news from football player Tom Brady.
What Happened: Brady and his former wife, supermodel Gisele Bündchen, invested an undisclosed amount in FTX.
The duo did not disclose the size of their investment at the time but FTX CEO Sam Bankman-Fried did say that both Brady and Bündchen would receive an unspecified amount of a certain cryptocurrency.
As a part of the deal, the Buccaneers quarterback would serve as an ambassador for FTX and Bündchen would participate as FTX’s Environmental & Social Initiatives Advisor.
Brady and Bündchen did not immediately respond to Benzinga’s request, via social media, for comment on the development.
Why It Matters: On Wednesday, Bankman-Fried said FTX “urgently needed” $8 billion to avoid bankruptcy. He said he would use his own money to compensate investors and customers.
Brady has a net worth of $250 million, while Bündchen is worth $400 million, according to Celebrity Net Worth.
Brady, who has a salary of $30 million, according to Celebrity Net Worth, said in September last year that he would “love to be paid” in cryptocurrency. At the time he named Bitcoin, Ethereum, and Bankman-Fried-backed Solana (SOL) as his favored coins for receiving his pay.
Last year, Brady offered a single Bitcoin to a fan who returned his 600th touchdown ball.
Dhaliwal, Shivdeep. Tom Brady, Gisele Bündchen Could Be Left In Hot Water As FTX Struggles To Survive. 10 Nov, 2022, https://www.benzinga.com/markets/cryptocurrency/22/11/29655384/tom-brady-gisele-b-ndchen-could-be-left-in-hot-water-as-ftx-struggles-to-survive.