Tom Brady, Gisele, Patriots owner Bob Kraft ensnared in FTX meltdown

Tom Brady, the football quarterback for the Tampa Bay Buccaneers, and New England Patriots owner Robert Kraft were among the most high-profile shareholders of FTX ( FTT-USD ), but the value of their investments are assumed to be practically wiped out after the cryptocurrency exchange's abrupt implosion late last year. Looking at their FTX stakes, Brady, who endorsed the once-mighty trading platform before imploding, owns over 1.1 million common shares of FTX Trading, according to a recent bankruptcy document . Gisele Bündchen, Brady's ex-wife, owns more than 680,000 shares in FTX Trading. For billionaire Kraft's exposure, KPC Venture Capital, a management consulting and investment capital firm tied to Kraft Group, has more than 110,000 Series B preferred shares in FTX Trading. It also holds 479,000 Class A common shares and 43,545 Series A preferred shares in West Realm Shires, the division that owns FTX US. The value of those investments, which couldn't immediately be determined, are now assumed to be worth next to nothing , as stockholders of bankrupt firms, according to U.S. law, are last in line to get their money back, Bloomberg explained. That being said, it's unlikely they will recover any of their funds. In December, FTX's overseers said they have identified over $1B in assets but continue to struggle to unwind the firm due to its poor records and bookkeeping. Previously, (Nov. 22, 2022) Texas regulator reportedly investigated Tom Brady, Steph Curry endorsements to FTX .