Unraveling the FTX Saga: How Mismanagement, Not Cryptocurrency, Led to a High-Profile Financial Fallout
In recent reporting from the New York Times, the outlet covered the saga of NFL superstar Tom Brady’s involvement in the cryptocurrency exchange, FTX, and the ensuing fallout after its implosion. In the wake of the FTX bankruptcy, even NFL superstar Tom Brady has not been spared. He found himself embroiled in a crisis after the implosion of FTX, a leading cryptocurrency exchange to which he lent his name and invested in as an ambassador. The collapse of FTX, coupled with legal charges against its founder, Sam Bankman-Fried, has left the famous quarterback and other celebrity endorsers facing legal and