Meet the celebrities and big businesses that lost big in FTX's collapse
Banking And Finance,Celebrities,Arts And Entertainment,FTX,Cryptocurrency
The collapse of the cryptocurrency exchange FTX has cost a multitude of people and organizations a substantial amount of cash.
FTX, the crypto exchange founded by Sam Bankman-Fried, filed for bankruptcy on Friday. The company's value has collapsed after once making Bankman-Fried a multibillionaire and a top Democratic donor. But Bankman-Fried is not the only one hurt by his company's collapse. Several known celebrities and corporations are affected by the state of the business and may stand to lose millions.
Here's a list of who is losing out from the fall of FTX.
Brady and Bundchen: Tom Brady and ex-wife Gisele Bundchen joined a cohort of celebrity investors in FTX in 2021, receiving substantial equity stakes in exchange. The Tampa Bay Buccaneers quarterback has likely lost most, if not all, of his. Brady was featured in an ad promoting FTX in 2022.
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