Tom Brady’s Viral Roast on Netflix Special The Past Few Days Rehashes His $30 Million Crypto Loss. What Did He Lose It On?

Viral Roast on Tom Brady’s Netflix Special Retells Last Few Days, $30 Million Crypto Loss. Why Did He Lose It?

In a recent Netflix special, Tom Brady was roasted by a number of comedians for various incidents that occurred during and after his long National Football League (NFL) career. Many of the feuds centered around on-field antics, such as the infamous “deflategate” scandal or leading the Giants in the Super Bowl. But one roast specifically noted that Brady lost $30 million in cryptocurrency.

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The roast from comedian Nikki Glaser noted how Brady took on a partnership with the Futures Exchange (FTX): “Tom also lost $30 million in crypto. Tom, how did you fall for that? I mean even Gronk was like me I know this ain’t real money .”

This roast mocks both Brady for taking on the role of ambassador for FTX and the intelligence of former Patriots tight end Rob Gronkowski.

In the summer of 2023, a lawsuit was filed against a handful of FTX ambassadors on the grounds that their support caused customers to join the platform, which went bankrupt in late 2022. Besides Brady, others in the lawsuit include Naomi Osaka, Larry David, Shaquille O’Neal and Steph Curry.

Brady shot three commercials for FTX during the platform’s rise to fame in 2021 and 2022. She also shot a series of short videos for social media. Brady received $30 million for his services, almost all of which consisted of FTX shares. Of course, when FTX went bankrupt and filed for bankruptcy, the shares became worthless.

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Brady’s ex-wife Gisele Bundchen also received $18 million for appearing in commercials. She also bought now worthless FTX shares.

During the collapse, Brady reportedly made an “urgent phone call” to Sina Nader, who serves as FTX’s president of partnerships. However, Nader was in a crisis meeting with FTX’s former CEO Sam Bankman-Fried and declined the call. “I never expected to turn down a call from Tom Brady,” Nader said in an interview.

Sam Bankman-Fried was arrested in January 2023 on various fraud charges. He was sentenced to 25 years in prison and a fine of over $11 billion in March 2024, making it one of the largest fraud cases in human history.

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Glaser’s criticism of Brady implies that Brady invested directly in crypto and lost $30 million, which is simply not true. Brady bought $30 million worth of stock to back FTX, which inevitably became worthless after the company collapsed.

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This article Tom Brady’s Viral Roast Last Few Days in Netflix Special Retells $30 Million Crypto Loss. Why Did He Lose It? appeared first on Benzinga.com

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