Tom Brady misplaced hundreds of thousands within the collapse of cryptocurrency firm FTX, for which he served as an “ambassador,’ The New York Instances reported Friday.

Beneath an settlement the retired NFL quarterback made with FTX in 2021, he obtained $30 million in now-worthless inventory for his work pitching the corporate in tv adverts and at its convention. In line with him on the time was his then-wife, Gisele Bundchen, who obtained $18 million in inventory, per the report.

FTX filed for chapter final November. Its former CEO, Sam Bankman-Fried, is going through federal fraud-related fees.

And Brady, who gained seven Tremendous Bowl titles in his profession, additionally faces authorized peril on high of the monetary losses. Each Brady and Bundchen, who formally divorced final October, are being sued by FTX traders who need compensation from celeb endorsers. Basketball Corridor of Fame member Shaquille O’Neal additionally has been sued within the FTX case, as have Larry David of “Seinfeld” fame, tennis participant Naomi Osaka and Stephen Curry of the Golden State Warriors.

“None of those defendants carried out any due diligence previous to advertising these FTX merchandise to the general public,” based on the lawsuit, obtained by the Instances. It was filed in federal court docket in Florida.

Earlier than the collapse of FTX, it was valued at $32 billion, together with $48 million in shares held by Brady and Bundchen, per the Instances. Now, it has no worth.

Brady, 45, ranked No. 50 on Forbes’ 2023 listing of the World’s Highest-Paid Athletes with earnings of $45.2 million in soccer wage and endorsements.

–Discipline Stage Media