Stephen Curry in deep water with colleague over financial crisis. READ MORE…
The world was hooked on crypto until it wasn’t. Inflationary pressures, global markets edging on recession, and a slew of other problems have made the Cryptocurrency ecosystem shaky. The ‘crypto winter,’ as they call it, has wiped out millions of investors worldwide, including the likes of superstar athletes Stephen Curry and Tom Brady.
From the likes of it, being a global superstar of a renowned sport isn’t enough to shield you against the downfall of an entire industry. Soon-to-be Billionaire Stephen Curry and 7x Superbowl Champion Tom Brady have been caught up in the crypto drama. The two superstars are left holding the bag after news of bankruptcy looms over their crypto investment.
The hype around cryptocurrencies last year found its way to the pockets of celebrities and athletes, which further added to the fire. Several famous personalities invested in the crypto dream and actively played a role in the community. 4x NBA champion Stephen Curry and NFL star quarterback Tom Brady were also among these investors.
The 2x NBA MVP dipped his toes in the crypto waters last year when he signed a partnership deal with the popular cryptocurrency exchange FTX. Curry’s foundation Eat. Play. Learn also partnered with the company to deliver charitable initiatives through the crypto ecosystem.
Stephen Curry in deep water with colleague over financial crisis. READ MORE…
Like Curry, the Buccaneers quarterback Tom Brady also went long on crypto. Along with his then-wife Gisele Bündchen the 5x SB MVP acquired a stake in FTX for an undisclosed amount.
However, the two superstars are in deep waters as FTX is on the verge of bankruptcy. The company’s future is up in arms after Binance’s CEO came out with disappointing news on the rescue plans. FTX’s finances were spiraling out of control in the last few months due to the state of the crypto markets. They approached the industry leader Binance for a bailout.
However, recent developments suggest Binance is leaning toward scrapping the takeover. If that were to happen, Curry and Brady would suffer significant losses on their investments. But those losses won’t have any significant impact on their net worth as the two superstars are among the wealthiest athletes of all time.
Over the years, Stephen Curry has built a fortune through his NBA salary and endorsements. After signing the inevitable life-team deal with Under Armour, Curry will become the third-ever player in the history of the NBA to reach the billion-dollar mark.
Similarly, Tom Brady has also earnt hundreds of millions in his career. Brady has built an empire spanning numerous ventures across various domains. According to estimates, Brady is worth a whopping $250 Million and more.
