Tom Brady’s Crypto Losses Take Center Stage at Netflix Roast

Tom Brady’s Crypto Losses Take Center Stage at Netflix Roast

At a Netflix roast titled “The Greatest Roast of All Time,” NFL icon Tom Brady became the focal point of relentless humor, some of which struck a sore spot. Amid the jovial atmosphere, comedian Nikki Glaser delivered a pointed jest about Brady’s unfortunate cryptocurrency investments, notably his ties with the now-defunct FTX, which visibly shook the celebrated athlete.

During the roast, held at the Los Angeles Forum, Glaser humorously highlighted Brady’s $30 million crypto loss, remarking, “Tom, how did you fall for that? Even Gronk said, ‘I know that’s not real money,'” invoking a comparison with Brady’s former teammate Rob Gronkowski. This joke received a mixed response from the audience, reflecting its sensitive nature.

Brady’s involvement with FTX extended beyond mere investment; he was an ambassador for the cryptocurrency firm. Both he and his then-wife, Gisele Bundchen, were compensated with significant stock options for their promotional efforts. However, following FTX’s collapse and bankruptcy filing in November last year—a downfall that saw the company’s value plummet from $32 billion to nothing—this stock became worthless. This financial debacle has since ensnared Brady and Bundchen in legal challenges, as they, along with other celebrity endorsers, face lawsuits from FTX investors.

The roast, meant to celebrate Brady’s storied football career, inadvertently highlighted the personal and financial predicaments he encounters off the field. Despite his numerous accolades in sports, Brady’s financial missteps have attracted considerable scrutiny and stress, an aspect that was palpable in the evening’s atmosphere of uneasy laughter.

FAQ