How much money did tom brady lose in crypto-Cryptocurrency market is field that may lead you to heights or to the dust in a blink of eye. It has generated millionaires overnight and it has bankrupted many as well. The story of Tom Brady is a similar one, who lost millions of dollars in FTX cryptocurrency exchange crash.
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How much money did Tom Brady Lose in Crypto?
Tom Brady, former NFL quarterback lost a whopping $30 million in cryptocurrencies. Like many athletes and celebrities Tom Brady had also dived into the crypto-world. But things could not in favor of Tom and incurred huge losses. Lets get into what actually happened?
Tom Brady was the ambassador for the FTX cryptocurrency exchange and had invested $30 million in the company. The exchange suddenly crashed to the bottom resulting in huge losses to investors of the company.
However, the lose incurred by Tom Brady in FTX exchange collapse was just 0.14% of the whole FTX.
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How much money was lost in the FTX collapse?
It is reported that FTX lost around $17 billion in its downfall. It was the spike in user withdrawals which exposed a hole in FTX worth $8 Billion. This triggered the panic situation among its user base leading to the collapse of FTX exchange.
However, the company with its new members are trying to revive the company and recover its losses. They have even been successful in recovering $1 billion worth assets.
Who stole all the FTX money?
It was Sam Bankman-Fried, the former CEO of FTX, who was accused of looting the FTX funds. It was claimed that Bankman-Fried allegedly misused the funds for his lavish lifestyle and family.
How many victims wee there of FTX?
Though it is not explicitly stated the number of FTX fallout victims, it is , however, estimated that over a million of customers faced losses in FTX November 2022 collapse.
Did FTX users get their money back?
There is some good news for the FTX victims. FTX has amassed over $15 billion to payout its customers who lost their funds in FTX collapse. The customers will get their principal amount along with 18% interest. This is really a good news for the crypto-fans.