Whoa! Their money may have been protected from one another thanks to an ironclad prenup — but not from the market! From what we’re hearing, Tom Brady and Gisele Bündchen both stand to lose a hefty sum following the crash of FTX.
According to Bloomberg, the cryptocurrency exchange went into a tailspin over the past couple days as users withdrew around $6 BILLION!
Apparently confidence in the market was shook after a fraud-centric research entity called Dirty Bubble Media said Bankman-Fried’s company Alameda Research was secretly insolvent.
The resulting liquidity crunch led the company to seek an emergency bailout. Even that seems to have fallen through as rival Binance was going to buy them out, but found what’s being called a “black hole” in FTX’s books, according to the Wall Street Journal.
Read more on perezhilton.com