Tom Brady’s Crypto Partner Facing Bankruptcy After Currency Meltdown, Stake In Company Wiped Out

2022-11-12 12:55:00 AM

#TomBrady's stake in cryptocurrency trading firm #FTX has become worthless as company value plummets

TomBrady's stake in cryptocurrency trading firm FTX has become worthless as company value plummets

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. [readmore label='READ MORE: ' link='https://etcanada.com/news/943323/gisele-bundchen-buys-11-5-million-miami-mansion-across-from-tom-brady-report/'] “It’s…

Tom Brady — Photo: Cliff Welch/Icon Sportswire via Getty Images Tom Brady was among the celebrities to dive into the cryptocurrency boom, partnering with crypto exchange firm FTX last year.Back to video The wife’s gone, the kids are gone, his career is in decline, and now it appears as though he can kiss a big chunk of his fortune goodbye.Back to video The wife’s gone, the kids are gone, his career is in decline, and now it appears as though he can kiss a big chunk of his fortune goodbye.newspaper’s Page Six column.

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.READ MORE: Gisele Bündchen Buys $11.Email Address There was an error, please provide a valid email address.5 Million Miami Mansion Across From Tom Brady: Report “It’s an incredibly exciting time in the crypto-world, and [FTX CEO] Sam [Bankman-Fried] and the revolutionary FTX team continue to open my eyes to the endless possibilities,” Brady said in a statement when the deal was initially announced, with he and Bündchen even appearing in a TV commercial for the company.Sign Up By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.However, FTX has been having an extraordinarily bad week, experiencing a liquidity crunch that roiled crytpo markets.You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.As NBC Sports 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.” Advertisement 3 This advertisement has not loaded yet, but your article continues below.

READ MORE:.| 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 Thanks for signing up! A welcome email is on its way.| 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 Thanks for signing up! A welcome email is on its way.

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BRADY BLOODBATH: Tom sacked in crypto currency meltdownNFL great Tom Brady\u0027s 2022 is starting to sound a lot like the kind of country song playing on the jukebox in a low\u002Drent roadhouse.

BRADY BLOODBATH: Tom sacked in crypto currency meltdownNFL great Tom Brady\u0027s 2022 is starting to sound a lot like the kind of country song playing on the jukebox in a low\u002Drent roadhouse.

Gisele Bundchen buys Miami mansion opposite Tom Brady: ReportGisele Bundchen has bought a $11.5 million Miami Beach mansion across the water from Tom Brady\u0027s home. Biggest cockblock ever! Posting stories about stupid wralth being wasted in bullshit, is oart of repertoire of shallow, empty news. A bit of wisdom, and depth, would go a long way.

Opinion: Despite FTX implosion, overzealous crypto enforcement is not the answerYes, the US$32-billion-dollar, Bahamas-based FTX exchange has imploded, but effective regulation is not just about enforcement

U.S. authorities investigate crypto exchange FTX: AP sourceThe swift collapse of cryptocurrency exchange FTX sent more shockwaves through the crypto world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn in crypto prices.

Securities Commission of Bahamas freezes FTX’s assets amid U.S investigationsThe Securities Commission of Bahamas has frozen FTX Digital Markets’ assets, besides suspending its registration. FTX, a separate entity from FTX.US, is based in The Bahamas. The Commission has appointed Brian Sims, a Senior Partner at Lennox Paton, as a provisional liquidator of the assets. The regulating body shared a press release recently with these […]