Ouch... American football dynamo Tom Brady and his supermodel ex-wife Gisele Bündchen find their FTX investment at risk following the exchange’s implosion. According to reports, the 7x Super Bowl champion and his former spouse previously invested a substantial but unknown amount of their funds in the currently embattled exchange. The duo made the investment likely in exchange for a sizable stake in FTX’s native token, FTT. However, following the recent wave of problems at the company, including the FTT collapse, Brady and Bündchen risk losing it all. This development adds to the quarterback’s personal challenges this year, including coming out of retirement and braving a divorce from Bündchen. https://www.coinspeaker.com/tom-brady-gisele-bundchen-ftx/
That is why it is damn important to be a member of elitetrader.com and not eliteinvestor.com. Most important of all, they must learn how to day-trade financial products from the established Exchanges and not those unregulated/questionable Exchanges.
That was the point of my remark. In nominal terms the amount may be huge. In reality it likely is a minuscule amount of their net worth and cash flow,
Unless they were complete idiots and put close to 100% of their NW on there they will be fine I guess. Not that it makes the situation any more palatable.
The cap-table from 2021 showed that they owned 0.25% of the company based upon the price of the token at the time. They were paid in FTT.