Benzinga - In a recent Netflix special, Tom Brady was roasted by a host of comedians for a variety of events that have occurred both during and after his lengthy National Football League (NFL) career. Most of the roasts centered around on-field antics, such as the infamous "deflategate" scandal or blowing a lead to the Giants in the Super Bowl. However, one roast in particular mentioned that Brady has lost $30 million in cryptocurrency.
Don't Miss:
- Large boom in cryptocurrency and metaverse interest as BTC skyrockets — has Apple Vision Pro increased the demand for virtual real estate?
- According to Cathie Wood, holding 6 Ethereum (ETH) could make you a millionaire, here’s why it can be true.
The roast, given by comedian Nikki Glaser, noted how Brady undertook 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 know that’s not real money."
The roast pokes fun at both Brady for taking on the ambassador role for FTX, as well as former Patriots tight end Rob Gronkowski's intelligence.
In the summer of 2023, a lawsuit was filed against a handful of FTX ambassadors, stating that their endorsements caused customers to join the platform, which went bankrupt in late 2022. Apart from Brady, others in the suit 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. He also filmed a series of short videos for social media. For his services, Brady received $30 million, nearly all of which was in the form of FTX stock. Of course, when FTX became insolvent and filed for bankruptcy, the stock became worthless.
Trending: If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019, here’s how much you’d have today.
Brady's ex-wife, Gisele Bundchen, also received $18 million for her appearances in the commercials. She also received now worthless FTX stock.
During the collapse, Brady reportedly made an "urgent phone call" to Sina Nader, who was serving as FTX's head of partnerships. However, Nader was in a crisis meeting with FTX's former CEO Sam Bankman-Fried, and declined the call. "I never would have expected to decline a call from Tom Brady," Nader said in an interview.
Sam Bankman-Fried was arrested in January 2023 for various fraud charges. In March 2024, he was sentenced to 25 years in prison, as well as fines of over $11 billion, making it one of the largest fraud cases in human history.
Glaser's roast of Brady insinuates that Brady invested directly in crypto and lost $30 million, which is not necessarily true. Brady received $30 million in stock for supporting FTX, which inevitably became worthless after the company collapsed.
Read Next:
- Bitcoin has jumped another 45% already this year – how much would you need to get started today?
- Dogecoin millionaires are increasing — investors with $1M+ in DOGE revealed!
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.