No Comments
What are the biggest celebrity crypto losses? Tom Brady’s retirement can’t stop him, but the FTX scandal still haunts him—in this article, deep-dive the biggest crypto losses on the A-list.
Even in retirement, GOAT quarterback Tom Brady (yeah, that GOAT crown is glued on; back off, Mahomes) can’t stay out of the spotlight.
The Roast of Tom Brady on Netflix premiered on Sunday. It targeted everything from his divorce to the FTX crypto scandal.
Kevin Hart hosted the event, which kicked things off. Hart questioned why they didn’t opt for Crypto.com Arena, only to jab that it was a subject best left untouched.
Comedian Nikki Glaser roasted Tom Brady over his $30 million cryptocurrency loss from the FTX crypto scandal, jokingly poking fun at Rob Gronkowski as well.
“Me know that not real money,” she said of Gronk.
Interestingly, despite his jests at Brady, Hart isn’t a stranger to crypto scams, specifically a class-action lawsuit over the FLIK ICO.
But let’s dig deeper; here are five more of the worst celebrity pump-and-dumps and celebrities associated with crypto rug pulls.
1. Tom Brady and Gisele Bündchen: FTX Crypto Scandal (loss of $30m)
Back in 2021, Brady and then-wife Gisele Bündchen bet big on FTX, with Brady leading the cheer squad, blitzing through commercials and billboards.
His reward? About $30 million in shares, tied tightly to FTX’s polarizing CEO Sam Bankman-Fried.
With FTX’s implosion in November 2022, Brady lost everything and misled countless investors into using this centralized exchange.
Rapper French Montana reveals he LOST $5 MILLION in crypto with FTX, overnight… pic.twitter.com/kS1fO32dr2
— MASON VERSLUIS (@MasonVersluis) May 6, 2024
Yet, amidst the financial wreckage of the FTX crypto scandal, Brady’s collaboration with Gronkowski on the Autograph NFT platform signals that, despite the tumult, their faith in the future of digital assets remains unshaken.
2. Logan Paul: CryptoZoo (loss of $2.5m)
Logan Paul is often accused of using crypto and NFTs to ruin lives – and as the infamous YouTube journalist Coffeezilla uncovered, Logan Paul got scammed by his own scam.
KSI receiving backlash for his support of Logan Paul’s crypto zoo refund. pic.twitter.com/kSleFg72f0
— DramaAlert (@DramaAlert) January 6, 2024
He overhyped his NFT project CryptoZoo and his friends beat him to the rugpull. He now faces a class action lawsuit against him and the devs who profited while Logan did not.
3. Paris Hilton: Involvement in Various ICO Scams (wrecked $100m)
Reality TV star Paris Hilton has been investing in Bitcoin and Ethereum since 2016. While she doesn’t disclose how much, both were valued at $1000 and $10, respectively, at the time.
Paris Hilton hasn't posted about Crypto yet so the bull run is far from over pic.twitter.com/7GhsF3AkTO
— MACHO 💥 (@MachoXV) May 1, 2024
It’d be a cool story if she also didn’t promote several initial coin offerings, which many turned out to be rug pulls. The most infamous being LydianCoin which she tweeted support in 2017. The tweet read:
Looking forward to participating in the new @LydianCoinLtd Token! #ThisIsNotAnAd #CryptoCurrency #BitCoin #ETH #BlockChain
FIND OUT: 11 Upcoming Coinbase Listings to Supercharge Your Portfolio in May 2024
4. Kevin O’Leary: FTX Crypto Scandal (loss of $10m)
Not everything Shark Tank investor Mr. Wonderful touches turns to gold – his crypto investments have failed to deliver.
One month before FTX collapsed, Shark Tank's Kevin O'Leary said:
"If there's ever a place I could be that I'm not gonna get in trouble, it's gonna be at FTX." pic.twitter.com/vVIkCRi03i
— Watcher.Guru (@WatcherGuru) September 24, 2023
On the airwaves of CNBC’s “Squawk Box,” O’Leary peeled back the curtain on his $15 million spokesperson gig, funneling just shy of $10 million into the cryptic abyss of FTX. Today, he claims that investment’s worth is a big, round zero.
DISCOVER: Best Solana Meme Coins to Buy in 2024
5. Kim Kardashian (loss of $1.2m)
Oh no Kim Kardashian is being boo’d at the Brady Roast
pic.twitter.com/Df2GvSg3Kr— Barstool Sports (@barstoolsports) May 6, 2024
Last but not least the only celebrity to be booed during the Tom Brady roast.
Kim K was charged in 2022 with failing to disclose a paid promotion for a cryptocurrency token called EthereumMax.
Later, the SEC sued her for $1.2 million, which we’re sure reduced her net worth of $1.7 billion.
The Bottom Line: FTX Dominates Biggest Celebrity Crypto Losses
Despite the turmoil, Brady’s foray into the cryptocurrency space was marked by enthusiasm, including the launch of his own NFT platform.
The roast, still available for viewing on Netflix, is a stark reminder of the volatile nature of cryptocurrency investments and the cautionary tale of celebrity endorsements in the financial sector.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
