Tom Brady is facing setbacks, and they keep on coming. He’s been through a lot, and the shocking news keeps rolling. Brady’s cryptocurrency adventure was a sizable leap forward. However, the value of FTX has plummeted substantially, placing The Pharaoh’s tidy sum at risk. It prompted the NFL Universe to deliver a lot of mockery over the situation on Twitter.
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After Binance took over FTX, the bitcoin world flared up. The cryptocurrency venture had many celebrity endorsement deals in place. Tom Brady was one of them, playing a prominent role while also investing in crypto assets. However, the repercussions led to his investments being at risk, which might severely impact his fortune.
The NFL Universe took notice of the FTX fallout. Tom Brady became the centerpiece of trolling due to his involvement in the venture. One user shared a meme on how Brady is playing in 2045 to recover his crypto investments.
Tom Brady playing to recover his FTX investment (colorized 2045) pic.twitter.com/t7QT1VoVA5
— AlgoFlows | Futures, Equities & Crypto (@algoflows) November 9, 2022
It led to a flow of ridicule from the NFL Universe.
Read More: If Not Gisele Bündchen, at Least Her Legacy Follows Tom Brady Into Foreign Lands
A user claimed the above meme won the internet for the day.
This wins the internet for today 🤣
— JPR (@MetroCove) November 10, 2022
But this user is wondering if Brady would lose anything in all of this.
Do we even really think Tom will lose anything in all this?
— Erin (@ErinDusty) November 10, 2022
Moreover, a user shared how TB12 reacted after the FTX fallout.
Tom Brady after his FTX equity stake got zero’d pic.twitter.com/RAXmEzZjAP
— Masa Capital (@MasaSonCap) November 9, 2022
This user thought of Brady as Brett Favre at the first glance.
Wow I thought that was Brett Favre at first glance
— Rick Dorsey (@RickDorsey262) November 10, 2022
But this user believes TB12 did not put in a dime of his wealth.
He didn’t put a dime of his own money up, I’m guessing.
— Mike Cummings (@mcummings29) November 10, 2022
Another user mentioned that FOX Sports covered his losses with the contract.
Fox covered that with his broadcasting contract.
— Ike Jernigan 🦃🎅 (@JerniganIke) November 10, 2022
A user is wondering if anyone checked on Brady since the crypto fallout.
Has anyone checked on @TomBrady since the FTX news? pic.twitter.com/XfpaH6fa90
— Kenny Lay (Parody) (@EnronChairman) November 11, 2022
A subscribed user has a conspiracy theory related to Brady and Bündchen’s divorce.
New conspiracy theory: Tom Brady and Gisele’s divorce is mostly due to the collapse of FTX.
Tom reeled Gisele in on it. As advisors they found out it’s on the brink of collapse weeks ago. Gisele is like “wtf Tom did we just potentially lose $650m?”
— Alex Friedman 🤠 (@heyalexfriedman) November 10, 2022
It is a bad time for the GOAT.
How much damage may Tom Brady sustain after the FTX fiasco?
As per CoinDesk, Tom Brady inked a deal with the crypto venture in 2020. In addition to an ownership stake in FTX, the QB got bitcoin as part of the deal. However, as a result of the FTX blowback, they are trading at $4.50, a 72% drop.
.@NFL legend @tombrady was already having a bad year and then @ftx happened. @thesamreynolds reportshttps://t.co/XzJWGWGJkF
— CoinDesk (@CoinDesk) November 9, 2022
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There has been no public disclosure of the magnitude of their ownership stake or the signing bonus. However, Tom Brady and Gisele Bündchen compromised their $650 million combined net worth. TB12 is a firm believer in such initiatives. But his investment is proving to be a big-time risk.
Despite coming off a strong sweep against the LA Rams, Brady cannot catch a break.
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Watch this story: Tom Brady Went to The Same High School As This Controversial MLB Hall of Famer Who Was Also A 14x All-Star