“Suing Ronald McDonald for a Bad Burger”: Fans Try to Make Sense of the Latest Legal Action Against Tom Brady and Others

Following a liquidity crisis at FTX, the crypto exchange platform, the world is in shock, and not for a good reason. Billions of dollars are now wiped out of the market. As the company is now losing all its value, people are bringing all the names connected into the fray. The company had a collective of big names supporting the endeavour. Names like Tom Brady, Stephen Curry and Larry David are just a few examples. And now all of them are a target of a class action lawsuit.

Over the period of the last 8 days, Brady has seen a lot. From losing millions of dollars to playing in front of an electrifying crowd in Germany. And now the star is getting sued. A class action lawsuit filed in Florida has listed Brady among other stars as a defendant. The heavy promotion and advertisement the quarterback did for the company has left a sword hanging around his neck. However, it seems like he is not a villain in the public eye. Many fans have since questioned the news of Brady getting sued with other stars like Curry, Shaq and even Gisele Bündchen.

The fans are not against Tom Brady

Most of the people who read the news have a similar reaction. And that is confusion. Even though the 45 years old QB invited people to invest in the firm. He himself is a victim as well. TB12 and his ex-wife, Bündchen, have both lost a fortune. Understanding this side of the story, fans realise that whatever happened to FTX was not the NFL star’s fault. Hence cutting him some slack.

This fan has a very clever comparison over the class action lawsuit naming Brady as well. Even though all he did was promote the business.

While this fan tries to remind everyone that even the Super Bowl winner is among many who suffered heavy losses.

This fan also questioned the lawsuit over its intended defendants and the people it holds accountable.

And after a tough few financial weeks, this fan thinks Brady might have to put off his retirement for 100 more years if the lawsuit actually goes through.

This just reminds everyone that even though the star was supportive of the venture, he was not in complete control over it. Making him just another one of the many who were fooled by the company.

Collapse of FTX

Initially, the company was a top dog in the crypto exchange market, with its value touching $32 billion. However, after concerns relating to the position of the company’s liquidity volume rose in the market, FTT, the native tokens of FTX lost 80% of their value in the next couple of days. And with people deciding to pull out of the exchange, the company went into a serious liquidity crisis.

Read more: REVEALED: How Much Did the Massive $32 Billion FTX Fallout Cost Tom Brady and Gisele Bündchen?

FTX has now filed for Chapter 11 Bankruptcy. Losing all of its $32 billion value, this development has caused a lot of financial damage in the crypto market. With questions over the credibility of the digital tokens to heavy losses incurred by the public. This saga has even cost these stars who were all in with the company as well. And only time will tell where this lawsuit leads them.

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