New England Patriots owner Robert Kraft and his former golden boy Tom Brady have lost their whole investment in the cryptocurrency exchange FTX trading, after it went bankrupt on Monday.
Crypto continues to be a popular trading area in the modern day, and it's since been advertised in sport, with FTX even securing the naming rights to NBA side Miami Heat's arena. However, FTX has filed for bankruptcy, leaving many A-list celebrities and wealthy business people out of pocket.
The exchange was said to be valued at $32billion (£26bn) at one stage, but now those who bought in have been left empty handed. Brady held 1.1m shares in FTX, while Kraft had shares not only through his personal name, but also one of his companies.
