Gisele Bundchen, estranged wife of former National Football League (NFL) quarterback Tom Brady, said she was “blindsided” by the collapse of crypto exchange FTX. Bundchen claimed that she invested in FTX because her financial advisor recommended it.
Bundchen and Brady’s shareholding in FTX
Gisele Bundchen, fashion model and estranged wife of former NFL quarterback Tom Brady, said she invested in Sam Bankman-Fried’s FTX because her financial advisor told her to do so. In aremarkpublished in the Daily Mail, Bundchen suggested that she, like other FTX investors, was “blindsided” by the epic collapse of the crypto exchange.
According to the Daily Mail, the celebrity model allegedly owned more than 680,000 shares of the collapsed crypto exchange, which was at one point worth $57 million. Brady, on the other hand, owned more than 1.1 million FTX shares when the crypto exchange collapsed. In addition to being a shareholder, Bundchen was an ambassador for the crypto exchange and, like Brady, appeared in FTX’s Super Bowl ad.
Bundchen says he wants justice for FTX victims
After FTX abruptly ceased operations, Bundchen and other celebrities were accused of engaging in deceptive practices; in a billion-dollar lawsuit filed by attorneys Adam Moskowitz and David Boies in November 2022, Oklahoma resident Edwin Garrison also accused celebrities of promoting unregistered securities.
But despite his involvement in promoting crypto exchanges and his supposed closeness to Bankman-Fried, Bundchen is quoted in the report as saying that he too hopes justice will prevail.
“It’s just… It’s terrible. I’m sorry for all of us that this happened and I just pray that justice will be done,” the fashion model reportedly said.
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