{"id":2163,"date":"2023-07-06T10:28:55","date_gmt":"2023-07-06T10:28:55","guid":{"rendered":"https:\/\/solanacrypto.news\/2023\/07\/06\/how-tom-bradys-crypto-ambitions-collided-with-reality\/"},"modified":"2023-07-06T10:28:55","modified_gmt":"2023-07-06T10:28:55","slug":"how-tom-bradys-crypto-ambitions-collided-with-reality","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2023\/07\/06\/how-tom-bradys-crypto-ambitions-collided-with-reality\/","title":{"rendered":"How Tom Brady\u2019s Crypto Ambitions Collided With Reality"},"content":{"rendered":"
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As the FTX cryptocurrency exchange imploded last fall, Tom Brady<\/a>, the seven-time Super Bowl-winning quarterback, made an urgent phone call.<\/p>\n

He dialed Sina Nader, FTX\u2019s head of partnerships. The exchange\u2019s staff was in the middle of a crisis meeting with its beleaguered founder, Sam Bankman-Fried<\/a>. Mr. Nader couldn\u2019t answer. \u201cI never would\u2019ve expected to decline a call from Tom Brady,\u201d he said.<\/p>\n

Mr. Brady had reasons to be concerned. As an \u201cambassador\u201d for FTX, he had appeared at the company\u2019s conference in the Bahamas and in TV commercials<\/a> that promoted the exchange as \u201cthe most trusted\u201d<\/a> institution in the loosely regulated world of crypto.<\/p>\n

His money was also at stake. As part of an endorsement<\/a> agreement Mr. Brady signed in 2021, FTX had paid him $30 million, a deal that consisted almost entirely of FTX stock, three people with knowledge of the contract said. Mr. Brady\u2019s wife at the time, the supermodel Gisele B\u00fcndchen, was paid $18 million in FTX stock, one of the people said.<\/p>\n<\/div>\n