Tom Brady could face a bumpy retirement when it comes to finances, as the NFL legend struggles to disentangle his budding business empire from troubled crypto ventures including the doomed FTX exchange.
Brady, 45, gave no immediate hint at his post-football plans while confirming that he was “retiring for good”The seven-time Super Bowl champion is embroiled in legal drama after serving as a key early booster and brand ambassador for FTX, whose disgraced founder Sam Bankman-Fried is accused of bilking customers out of billions.. The suit alleges that FTX used Brady and other famous backers to lure unsuspecting investors into what was effectively a Ponzi scheme.
Autograph didn’t avoid the industrywide slump. In December, the Brady-backed startup cited “challenges of the market” after it laid off “dozens” of employees,. Bankman-Fried’s name also quietly disappeared from Autograph’s website, though the exact timeline for his exit from the board wasn’t clear. Brady was front and center in FTX’s marketing efforts – once appearing in a Fourth of July video in which he used a flamethrower to melt a block of ice with a cryptocurrency token inside. When FTX filed for bankruptcy,