Tom Brady Wins At Football, But Loses Big at Crypto

When cryptocurrency exchange FTX raised $400 million from investors such as Softbank, Temasek, Tiger Global, and others in January of 2022, its net worth took off.

The funding, in amazing fashion, soon lifted its value to $32 billion. By November, it was bankrupt.

While FTX pumped up its reputation with big-name investors, it was also allying itself with high-profile celebrities, including NFL great Tom Brady, his then wife supermodel Gisele Bündchen, NBA superstars Stephen Curry and Shaquille O’Neal, tennis player Naomi Osaka, and Hollywood’s Larry David.