In a recent Netflix special titled “The Roast of Tom Brady,” the retired NFL star found himself at the center of comedic jabs and roasts. Some sharp remarks were made about his involvement with the now-defunct crypto exchange FTX. Comedians and former teammates took turns poking fun at Brady’s career, personal life, and particularly his ties to FTX. This made the event a hot topic on social media.
Hosted by comedian Kevin Hart, the roast took playful shots at Brady’s decision to partner with FTX. Hart jokingly questioned the choice of venue for the event. Instead of being held at the Crypto.com Arena in downtown Los Angeles, Hart humorously questioned why they ended up at the Kia Forum arena in Inglewood.
How Did He Fall for That?
Comedian Nikki Glaser also joined in on the roast, teasing Brady about his alleged losses in crypto investments. She humorously questioned, “Tom also lost $30 million in crypto — how did you fall for that?” Glaser’s quip referenced Brady’s former teammate Rob Gronkowski, known for his lighthearted persona, suggesting even Gronkowski wouldn’t have made such a mistake.
Brady, along with his wife Giselle Bündchen and other celebrities, faced a class-action lawsuit following the collapse of FTX in November 2022. The lawsuit alleged that these individuals profited from promoting FTX, despite its eventual downfall.
Brady and Bündchen had reportedly received an equity stake in FTX. Brady himself earned approximately $30 million in FTX shares for his promotional efforts.
The downfall of FTX revealed that the exchange’s executives had misused customer deposits for trading activities, leading to significant financial losses. This turn of events shed light on the risks associated with endorsing crypto platforms without thorough due diligence.
In addition to his involvement with FTX, Brady had also ventured into the crypto industry in 2021. He announced the launch of his nonfungible token (NFT) platform. However, by 2023, interest in the platform and NFTs had waned. This prompted a shift in focus, according to a New York Times report.
The roasts directed at Brady during the Netflix special brought attention to his personal and professional endeavors. It also highlighted the challenges and risks associated with celebrity endorsements in the crypto space. Despite his successful career in football,
Brady’s foray into the world of crypto has not been without its share of pitfalls and public scrutiny.
Disclaimer
FAQ
Comedians poked fun at Brady's involvement with FTX, teasing him about the collapse of the crypto exchange and the associated financial losses.
Although he remained composed, Brady took the playful jabs in stride as comedians lightheartedly roasted his crypto partnership.
Brady, along with other celebrities, faced a class-action lawsuit due to their promotional activities for FTX prior to its downfall.
