Tom Brady was among the celebrities to dive into the cryptocurrency boom, partnering with crypto exchange firm FTX last year.
Brady and then-wife Gisele Bündchen each received a stake in the company, in exchange for Brady becoming FTX’s brand ambassador and Bündchen the company’s environmental and social initiatives adviser.
However, FTX has been having an extraordinarily bad week, experiencing a liquidity crunch that roiled crytpo markets.reports, the company is now teetering on the bring of bankruptcy after panicked investors withdrew a staggering $6 billion from the firm in just 72 hours, causing the market value of FTX to drop by nearly 70 per cent while also sending the entire crypto market into meltdown mode.
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