“How Could They Know?”: Joe Rogan Defends Tom Brady, Gisele Bündchen and Other Celebrities Who Endorsed FTX Before Collapse Shook Up Crypto World

Joe Rogan wanted to play a Devil’s Advocate! The noted host presented a passionate case for the celebrities, including Tom Brady and Gisele Bündchen, who face legal setbacks after the sudden collapse of the FTX. At present, Tom Brady, his ex-wife Gisele Bündchen, Stephen Curry, and Shaquille O’Neal are being named in the class action lawsuit.

Speaking about the role of the top stars, Rogan said Bitcoin was doing well and hence it is normal to assume that celebrities would invest in it. He added how could they know if it was a scam. “Well, how could they know, right? I’m just playing Devil’s Advocate here. If you are a Matt Damon or Kim Kardashian, I mean, people are making money with Bitcoin. There are Bitcoin billionaires,” the experienced host said, becoming the first analyst to defend the celebrities in the new issue. 

How are Tom Brady and Gisele Bündchen involved in FTX?

The dream was real, and the aim was huge. At 30 years, Bankman-Fried believed he could become the next billionaire. He expanded his business and invested hugely in sports and politics. Meanwhile, Fried even became one of the biggest donors to the Democratic Party in the 2024 Presidential Election. 

Reportedly, his aim was to expand their business. As a result, they signed in Tom Brady and his former wife, Gisele Bündchen, to mark a beginning. In 2021, Tom Brady and Gisele Bündchen co-starred in a $20 million ad campaign. In return, they received an equity stake in the company. As a result, their name is involved in the crisis.

Are celebrities innocent?

Celebrity tag comes up with a lot of responsibility. They become the voice of a product and people consume some products because it has the tag of a celebrity. However, one point to be noted is that they are humans and they also make mistakes, an argument supported by Joe Rogan. 

Read More: Stephen Curry, Shaquille O’Neal, Tom Brady and Giselle Bundchen May Face $11 Billion Legal Woes as FTX Crypto News Emerges

Meanwhile, Florida lawyer Adam Moskowitz thought the celebrities can be liable. He detailed how the top stars apparently misled the investors with their impressive public reach. “There’s case law right on point that unless you tell people you’re getting paid and how much you’re getting paid and what your incentive is, you can be liable,” Moskowitz, who represents an FTX investor, told Fox News. 

Celebrities have the superpower to influence people. But with more power also comes greater responsibilities. 

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