Former professional footballer Tom Brady faced comedic jabs from comedians and former teammates during a Netflix-streamed roast, with quips about his involvement in promoting the bankrupt crypto exchange FTX gaining significant traction on social media.
On May 6, Netflix’s “The Roast of Tom Brady” featured the retired NFL star as the subject of jokes regarding various aspects of his life, including his career, his 2021 divorce from Giselle Bündchen, and other personal experiences.
Comedian and roast host Kevin Hart humorously addressed Brady’s association with FTX in his opening monologue, joking about the choice of venue for the event and suggesting it should have been held at the Crypto.com Arena in downtown Los Angeles.
Comedian Nikki Glaser joined in, teasing Brady about his purported $30 million loss in crypto investments, questioning how he could have fallen for such a financial setback. Glaser also referenced Brady’s former teammate Rob Gronkowski, humorously implying Gronkowski’s skepticism towards crypto investments.
Brady, along with Bündchen and other prominent figures, faced a class-action lawsuit alleging profiting from promoting FTX shortly after its collapse in November 2022. The lawsuit followed FTX’s bankruptcy filing and revelations of mismanagement, including the use of customer deposits for trading activities.
Brady and Bündchen took equity stakes in FTX in 2021, with Brady reportedly receiving around $30 million in FTX shares for promotional activities. However, the exchange’s collapse tarnished their association with it.
Despite his involvement in the crypto industry in 2021, including the announcement of his own NFT platform, Brady’s crypto ventures faced challenges. Tanking interest in the platform and NFTs led to a shift in focus in 2023, as reported by The New York Times in July 2023.
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