June 16, 2024

Gisele Bundchen: "I lost $57 million. The collapse of FTX was a shock to me"

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Gisele Bündchen:

Gisele Bündchen, one of the highest-paid models, former angel of the Victoria's Secret brand, announced the loss of tens of millions of dollars due to her association with the FTX Group.

The collapse of cryptocurrency exchange FTX last November left many investors empty-handed.Among them are not only large institutional investors, but also a large number of individuals, famous athletes, TV presenters and other popular media personalities.

In a recent interview with the Daily Mail , one of the world's highest-paid models, Gisele Bündchen, lamented that the collaboration with FTX and its CEO Sam Bankman-Fried had a detrimental effect on the family's financial situation.

Some time ago, Gisele Bündchen and her ex-husband Tom Brady, an NFL star, took an active part in promotions as high-ranking representatives of the FTX Group.The couple starred in the company's Super Bowl commercials and became FTX ambassadors.

Gisele Bündchen:

Gisele told reporters that she and her husband were "blind" and "no different fromeveryone else" who unquestionably trusted the hype around Sam Bankman-Fried and his FTX.As a result, the celebrity couple invested heavily in the exchange they advertised.

In total, Brady and Bundchen owned about 1.7 million common shares of FTX Trading, which were valued at almost $150 million at their peak.Of these, more than 600,000 shares were owned personally by Gisele Bundchen.As of January, Bündchen and Brady were among the largest individual holders of FTX shares, according to FTX's interim administration.

Gisele Bündchen:

Brady and Bündchen are now listed as defendants in a class action lawsuit fromthe name of FTX customers who lost money in the collapse of the exchange.Critics claim that FTX used the celebrity couple to use their example to lure as many people as possible to use the platform.

The other day, a group of FTX investors filed a
This time against the owner of the Bitboy Crypto YouTube channel, Ben Armstrong, accusing him of promoting the services of the now-bankrupt cryptocurrency exchange.