BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Football Star Tom Brady Could lose his $650 Million as FTX Falls

by Chiwuike Owunwa
Nov 9, 2022 - 12:00 am
in Blockchain
Football Star Tom Brady Could lose his $650 Million as FTX Falls

There are speculations that Tom Brady risks losing his entire investment of $650 million fortune as FTX’s exchange token FTT went into freefall on Tuesday and continues to crash even after the company got a lifeline from Binance.

In 2020,  NFL Power couple Tom Brady and current ex-wife Gisele Bundchen entered a long-term partnership with FTX cryptocurrency. Where they took an equity stake in the company with Brady being announced as a brand ambassador and Bundchen an environmental and social initiatives adviser.

Joe Pompaliano, an entrepreneur and Investor shared updates on the endorsement deal between FTX and Tom Brady.

https://twitter.com/joepompliano/status/1409847866017918982

He stated that both Brady and his wife Gisele were to receive equity in FTX and a signing bonus in crypto, the exact details of which were not disclosed.

Over the last few days, Binance CEO Changpeng Zhao tweeted on Sunday, that he will be liquidating all remaining FTT tokens in their books that were acquired as a part of the exit from Alameda’s sister company FTX last year. Afterward, the price of FTT declined nearly 14% in over 48-hour, which is the lowest price since June, according to CoinMarketCap. 

He claimed that the sale of Binance’s FTT holdings was not to be interpreted as a slight against the competitor exchange, FTX. The tremor appears to have spread as SOL and SRM are also taking losses.

But Tom Hardy isn’t the only one losing millions in this crash. According to Bloomberg Billionaire Index, FTX CEO Sam Bankman-Fried, who got Tom Brady into crypto is said to no longer be a Billionaire after his estimated personal wealth plummeted nearly 94% in a single day. His net worth has experienced an implode as he lost an estimated $14.6 billion dollars.

If you are wondering what effect the massive crash would have on Tom Brady’s $650 million dollar fortune, well, FTX is yet to comment on what will happen with his fortune and the multi-million dollar sports deal it brokered with him. Tom Brady is set to lose his entire fortune.

Tags: FTX
Chiwuike Owunwa

Chiwuike Owunwa

Chiwuike is a frontend programmer and writer with 3 years experience in the Web3. He's meticulous researcher, enthusiastic about Blockchain and the future of crypto, DeFi, and the Metaverse.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service