Tom Brady’s Crypto mishaps, FTX endorsement, NFTs, and millions Lost were all revealed during the Netflix Roast event.
Nobody is immune to the hilarious barrage when it comes to celebrity roasts. However, NFL icon Tom Brady was in the host chair during Netflix’s “The Greatest Roast of All Time,” where jokes about his connection to the now-defunct cryptocurrency exchange FTX took center stage.
Comedian Kevin Hart lightheartedly poked fun at Brady’s affiliation with FTX to set the tone. With a playful question, he asked why the venue wasn’t Crypto.com Arena. Brady’s financial troubles with cryptocurrency were alluded to in this lighthearted joke, which prepared the audience for a flurry of more scathing comments. He declared,
“Well, the reason why we didn’t go there is because we didn’t want to remind Tom’s fans of how much money he owes them. He f**ked those people. Tom f**ked those people. F**ked them good, didn’t he“
Comedian Nikki Glaser didn’t hold back as the evening went on, aiming for Tom Brady’s alleged $30 million loss on bitcoin. She wondered, half-seriously, half-incredulously, how a football player with so much experience could make such a big financial mistake. The humorous conversation even reached Rob Gronkowski, Brady’s old colleague. Glaser draws attention to his possible insight into the situation.
Retrospective Tom Brady’s FTX Association
Brady’s connection to FTX was more than just a joke; it was a sobering reminder of the dangers that come with celebrity endorsements in the unstable cryptocurrency space. Brady and his wife, Giselle Bündchen, received millions of FTX shares in exchange for their promotional efforts, but their investment was worthless due to the exchange’s sudden collapse in November 2022. Sam Bankman-Fried, the company’s founder, was also entangled in legal issues.
Brady’s cryptocurrency journey continued after FTX. Amidst the high excitement surrounding non-fungible tokens in 2021, he declared plans to establish his own NFT platform. However, as interest in this area declined, Brady’s endeavor also did.
The Netflix roast also mentioned that even highly successful athletes can experience financial difficulties. Brady’s journey from elite athlete to cryptocurrency disaster serves as a warning about the dangers of unlucky endorsements.