• Tom Brady and Gisele Bundchen owned 1.8 million FTX shares, which will likely be wiped out due to the exchange’s demise in November.
• Other prominent people and companies who invested in the former crypto giant included Kevin O’Leary, Robert Kraft, Thoma Bravo, and Sequoia Capital.
• The demise of FTX caused multi-billion financial losses to numerous clients and investors.
The demise of the once-prominent crypto exchange FTX has caused many of its investors to suffer financial losses, and one of the most notable names on the list of those affected is NFL legend Tom Brady and his ex-wife Gisele Bundchen. According to reports, the couple collectively owned nearly 1.8 million FTX shares, which will most likely be entirely wiped out due to the exchange’s demise in November.
Other prominent people and companies who invested in the former crypto giant include the likes of Kevin O’Leary, Robert Kraft, Thoma Bravo, and Sequoia Capital. All of these investors have suffered financial losses, with some estimates putting the total losses in the billions.
The FTX exchange launched in 2018 and quickly became one of the largest and most popular crypto exchanges in the world. It offered a wide range of services, including margin trading, derivatives, and spot trading. The exchange also boasted a wide array of digital assets, including BTC, ETH, and a variety of other altcoins.
Unfortunately, the exchange’s success was short-lived as it was hit by a major hack in September 2020. The hack caused the exchange to lose $1.2 billion in customer funds, and the exchange eventually went bankrupt in November. The losses were felt by the exchange’s investors, and the amount of money lost is still being tallied.
Tom Brady and Gisele Bundchen were two of the exchange’s most notable investors, and their collective 1.8 million FTX shares will most likely be completely wiped out. This is a major loss for the couple, and a stark reminder of the risks associated with investing in the crypto space.
The demise of FTX is a tragedy, and it serves as a reminder that investors should always do their due diligence before investing in any digital asset. It is important to remember that the crypto space is volatile and unpredictable, and losses can happen quickly and without warning. Investors should always be aware of the risks and take steps to protect their investments.