The longtime NFL quarterback served as an ambassador for FTX and frequently appeared in commercials for the company. As part of his deal with the now defunct,, he was paid $30 million — most of which came in the form of FTX stock. Brady's ex-wife, supermodel Gisele Bündchen, received $18 million in FTX stock, too.
But since FTX is now bankrupt and its founder, Sam Bankman-Fried, is facing criminal charges, that stock is now completely worthless. Brady even reportedly made an “urgent phone call” to FTX head of partnerships Sina Nader during the collapse, too., saying he was in a crisis meeting with Bankman-Fried and others at the time. He later called Brady back, and said the former quarterback was"concerned."
Brady and Bündchen are just some of the celebrities facing a lawsuit from a group of FTX customers who are upset with their endorsements for the company. Comedian Larry David, tennis star Naomi Osaka and Golden State Warriors guard Stephen Curry all promoted the company in commercials, among others, and are named in the lawsuit.