Media estimate potential losses for supermodel Gisele Bündchen from FTX collapse

The supermodel and former Victoria’s Secret Angel Gisele Bündchen, who became a shareholder in FTX in 2021, could have lost “millions of dollars” as a result of the collapse of the cryptocurrency exchange. Daily Mail reports.

In an interview with Vanity Fair, she said that “she was no different from everyone else and was blindsided” when trusting the hype around FTX founder Sam Bankman-Fried. Bündchen did not share financial details, but noted that her advisers had described the company as a “reliable and excellent” investment.

In June 2021, the model’s ex-husband, NFL quarterback Tom Brady, became an ambassador and shareholder of the exchange. Bündchen also invested in FTX and joined it as an adviser on environmental and social initiatives.

Both stars received a sign-up bonus in an unnamed cryptocurrency.

According to Daily Mail, Brady allegedly owned 1.1 million shares of FTX Trading, which at their peak were valued at $93 million. According to the publication, Bündchen held “more than 680,000 securities” worth $57 million. Journalists noted that it was unclear whether the ex-spouses received these shares as part of arrangements with the exchange or invested their own money.

In December 2022, Bahamian authorities arrested the founder of FTX at the request of the U.S. DOJ. He was later extradited to the United States, where he was released on bail of $250 million.

In January 2023, Anthony Scaramucci, head of SkyBridge Capital, called Bankman-Fried a traitor and discussed the consequences of the exchange’s collapse for him.