A lifelong Patriots fan has decided to sue Tampa Bay Buccaneers Quarterback Tom Brady for his role in promoting the FTX cryptocurrency service.
According to the Lawsuit, Brady “hyped FTX to their social media fans, driving retail consumer adoption of the deceptive FTX platform.” He participated in several commercials for the platform, including one alongside his ex-wife Gisele Bündchen. As such, it is no wonder Brady helped to drive attention to the now-bankrupt platform. And unfortunately for Brady, that attention may come back to bite him — big league.
FTX has been in hot water since its collapse in November of this year. Headed by Democrat Mega Donor Sam Bankman-Fried, it was no surprise the platform soon filed for bankruptcy. Everything woke inevitably turns broke, and FTX was no different. Their business practices were shady, and they had no grasp of fundamentals. It appears as though FTX and the Democrat Party are a match made in heaven.
The Washington Post reports that “when Michael Livieratos saw quarterback Tom Brady in a commercial for the trading platform FTX, he knew exactly where he wanted to put his $30,000 crypto investment.”
The Washington Post quotes Livieratos saying Brady’s on-field greatness and long-term relationship with his hometown team sold him immediately:
“‘As a New England Patriots fan my entire life, you can imagine the influence that Tom Brady would have,’ said Livieratos, a 56-year-old legal clerk who lives in Connecticut. He soon moved nearly all his money from another crypto exchange to FTX.”
While Tom Brady is no longer the Quarterback of the Patriots, he has a storied history there as the franchise’s cornerstone. After all, he won six Super Bowls with the franchise and played 20 seasons with the team. Wildly heralded as the greatest Quarterback of all time, his word always holds a certain sway over the public.
But Brady is not the only celebrity involved in the lawsuits surrounding FTX’s collapse. After all, several cryptocurrencies (not just FTX) have utilized celebrities and social media personalities to push their brand. But the FTX scandal involves some big names. The New York Post reports that “several celebrity endorsers, including Larry David, Stephen Curry, Naomi Osaka and others, have been named in class-action lawsuits filed in the wake of FTX’s collapse.”
These are developing stories, and we look forward to seeing the results of these suits.