Gisele Bündchen, known as one of the highest-paid models in the world and a former Victoria’s Secret angel, has recently spoken out about the financial losses she and her ex-husband Tom Brady suffered due to their involvement with the FTX Group.
The FTX cryptocurrency exchange’s collapse in November of last year left many investors, including institutional investors, athletes, TV personalities, and other media figures, with nothing.
The couple had taken part in FTX promotions as high-profile representatives, appearing in Super Bowl commercials and becoming FTX ambassadors.
In a recent interview with the Daily Mail, Bündchen expressed regret about working with FTX and CEO Sam Bankman-Fried, stating that it had a negative impact on her family’s financial situation.
She and Brady were “blind” to the hype around the platform, like many others, and invested heavily in FTX. At their peak, the couple’s holdings of FTX Trading common shares were valued at almost $150 million, with over 600,000 shares owned personally by Bündchen.
However, the collapse of FTX has resulted in the couple being named as defendants in a class-action lawsuit on behalf of clients who lost money. Critics have accused FTX of using high-profile figures like Bündchen and Brady to attract as many users as possible.
Another class action lawsuit has also been filed against the owner of the Bitboy Crypto YouTube channel, Ben Armstrong, for promoting the now-bankrupt exchange’s services.