Tom Brady and Gisele Bündchen are dealing with some financial losses.
The ex-couple are among those who are taking a big hit after crypto exchange FTX filed for Chapter 11 bankruptcy in November, CNN reported via bankruptcy court docs.
The two owned nearly two million shares of the company total, with Tom owning 1.1 million common shares and Gisele owning 686,000.
It’s not indicated how much they paid for the shares, but their investments are considered “virtually worthless” now, via Business Insider.
FTX filed for Chapter 11 bankruptcy, and then CEO Sam Bankman-Fried stepped down as the head of the company. He was arrested in the Bahamas in December after U.S. prosecutors filed criminal charges against him.
At one point, FTX was valued at around $32 billion, via CNN.
Tom was a brand ambassador for FTX, while Gisele was brought on as an “environmental and social initiatives advisor” in 2021.
FTX’s downfall has been described as “one of the biggest financial frauds in American history” by Damian Williams, the U.S. attorney for the Southern District of New York, via People.
Tom Brady recently spoke out about when he might actually retire.
