It’s been a rough month for Tom Brady and his ex-wife Gisele Bundchen. Even though Gisele initiated a divorce, separating from someone you’ve “loved” for a long time is hard.
And Brady himself was reportedly “devastated.”
But things just went from bad to worse for the former couple.
They’re caught up in the stunningly rapid collapse of the FTX crypto exchange.
FTX was slammed by a liquidity crunch this week, with FTT (the exchange’s native coin) plummeting by 83% in value.
CEO Sam Bankman-Fried saw his wealth drop from the billions to the hundreds of millions, knocking him out of the world’s most elite as he sought a bailout from rival firm Binance.
But it may have been SBF’s grab for aid that caused the collapse in the first place.
Binance didn’t like what it saw once it got a peek into FTX’s books, and now the crypto exchange is at greater risk than before.
Both Brady and Bundchen have equity stakes in FTX, so they’re watching their money evaporate before their very eyes.