Taylor Swift to Repudiate FTX Trading Offer for Brand Diplomat
Taylor Swift to Repudiate FTX Trading Offer for Brand Diplomat

New Delhi:-  Finally Tom Brady becomes the successful face of FTX Trading Ltd. In its very early stages. He also was one of the highest investors and also an ambassador who participated in commercials and other advertising campaigns.

Evidently, FTX also targeted Taylor Swift things didn’t go as expected and turned around. Many reports have reported that Taylor Swift turned down an offer to join FTX as an ambassador. A recent New York Times article reveals a strikingly different version of what allegedly happened.

For Taylor Swift, not coming to FTX worked well. The company recently filed for bankruptcy after its founder, Sam Bankman-Freed, was embroiled in a massive fraud scandal alleging billions of dollars of embezzlement. These charges resulted in him being charged with federal crimes. 

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Tom Brady has not been criminally charged with his involvement in the company, but has reportedly suffered huge financial losses, including from investments, and is suing over his role.

He reportedly owned more than 1 million shares of FTX common stock, worth about $45 million. The company has formally filed for bankruptcy, so it is unlikely that he will be able to recover these funds.  

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Brady took big risks with his aggressive investment in FTX, but he wasn't the only professional athlete to do so. He was joined by other big names such as Trevor Lawrence, Stephen Curry, and Shohei Ohtani. Luckily, Brady's net worth is a whopping $300 million, so it should be easy to absorb the losses. 

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The FTX Trading Ltd. Looked forward to getting Taylor Swift as the brand ambassador of the company but she rejected the offer. Taylor made a good choice not to join the company as they recently applied for Bankruptcy.

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