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Photo: Instagram/Tom Brady According to The New York Times , Tom Brady has suffered a significant financial loss of $30 million due to the collapse of cryptocurrency company FTX. In 2021, Brady had entered into an agreement with FTX, receiving $30 million in stock as compensation for his promotional work for the company on television ads and at conferences. His former wife, Gisele Bundchen , also received a substantial amount of $18 million in stock. Unfortunately, FTX filed for bankruptcy in November of the same year, rendering the stock worthless. Photo: Instagram/Tom Brady Sam Bankman-Fried , the former CEO of FTX, is currently facing federal fraud-related charges, adding to the turmoil surrounding the company's downfall. Both Brady and Bundchen are now facing legal troubles as they are being sued by FTX investors who seek repayment from celebrity endorsers. Other notable figures, including Shaquille O'Neal , Larry David, Naomi Osaka , and Stephen Curry , have also been sue...

Photo: Instagram/Shaquille O'Neal Shaquille O'Neal , the former NBA star and current TNT analyst, has been served with additional complaints in the FTX lawsuit during a Miami Heat game. The process server, who had been attempting to serve O'Neal for months, filmed the interaction to eliminate any ambiguity. Attorney Adam Moskowitz confirmed that O'Neal, 51, received the complaints at the FTX Arena in Miami, which is now formerly known as such. Photo: Instagram/Shaquille O'Neal success in both basketball and business can be attributed to his relentless work ethic, determination, and ability to connect with people. The first complaint, which has been pending since November 2022 in Miami Federal Court, pertains to O'Neal's commercials for FTX.  The second complaint accuses him of violating federal securities laws in connection with his company ASTRALS, which he founded with his son, Myles O'Neal. The attorney representing FTX investors and ASTRALS stated t...

Photo: Instagram/Shaquille O'Neal  Former NBA star, Shaquille O’Neal , is facing a lawsuit for promoting FTX crypto currency, which has been accused of fraud. FTX saw a decline in November last year, and its founder was later charged with defrauding clients. Shaq had collaborated with FTX to make crypto more accessible, but has now been named in the lawsuit due to his significant involvement with the company. Photo: Instagram/Shaquille O'Neal  While Shaq distanced himself from the firm as things started to look grim, he was one of the most prominent celebrity advocates for the company. He endorsed FTX during his Super Bowl festival, Shaq’s Fun House, which brought a lot of attention to the company. The lawsuit claims that Shaq used his "persuasion" to get individuals to join the cause, and that he was aware of what he was convincing others to do. Other celebrities such as Tom Brady , Giselle Bündchen , Steph Curry , and Larry David also promoted FTX. However, the...