Tom Brady faces potential class-action lawsuit after Patriots fan ‘lost thousands investing in FTX’

After a divorce and 6-7 start to the NFL season, Tom Brady’s miserable 2022 is at risk of getting worse, somehow.

A class-action lawsuit seeks to hold the Tampa Bay Buccaneers quarterback, his ex-wife Gisele Bundchen, and nine other celebrity endorsers of FTX responsible for the cryptocurrency exchange’s recent collapse.

‘As a New England Patriots fan my entire life, you can imagine the influence that Tom Brady would have,’ Michael Livieratos told the Washington Post after allegedly losing tens of thousands of dollars in the FTX bankruptcy. The Post originally reported that Livieratos lost $30,000, but he has since informed DailyMail.com that the figure is incorrect. 

FTX was a high-profile cryptocurrency exchange that made major inroads with investors, thanks to celebrity endorsements. Earlier this year, Brady was seen in an ad for the platform, prompting Livieratos to move his life savings from one crypto exchange onto FTX, he told the Post.

Since then, FTX has collapsed, and on Tuesday, the US government filed criminal and civil charges against Sam Bankman-Fried, the exchange’s 30-year-old founder of FTX, accusing him of widespread financial fraud.

The problem for Livieratos and the other plaintiffs in the proposed class-action suit, is that recovering any losses will be difficult, considering FTX has reportedly been wiped out by the collapse.

‘We’re not going to be able to recover all the losses here,’ FTX’s new CEO John J. Ray III recent told a House committee.

Sam Bankman-Fried on stage with Gisele Bundchen (right) earlier this year at a conference

Both Brady and Stephen Curry signed endorsement deals with Bankman-Friend’s FTX

Tom Brady is one of several celebrities who promoted FTX as a safe cryptocurrency exchange

Tennis star Naomi Osaka also signed a deal with FTX before the crypto exchange went bust

With the help of Florida attorney Adam Moskowitz, Livieratos and the other plaintiffs are now seeking to hold FTX’s celebrity endorsers accountable, including tennis star Naomi Osaka, Golden State Warriors guard Stephen Curry, and entrepreneur Kevin ‘Mr. Wonderful’ O’Leary from the reality show ‘Shark Tank.’

‘You have very rich people we all love telling us that they checked this out, and it was okay,’ Moskowitz said in an interview. ‘Why shouldn’t they be held responsible?’

The proposed lawsuit argues that the exchange’s interest-bearing accounts were technically a security, requiring its endorsers to publicize details of their compensations from FTX.

‘They have never disclosed the nature, scope, and amount of compensation they personally received in exchange for the promotion,’ the complaint alleges.

And without that information, Moskowitz argues, investors were unfairly disadvantaged.

But the lawsuit is anything but a sure thing.

Last month, a federal judge in California tossed a similar lawsuit against Kim Kardashian, boxer Floyd Mayweather Jr. and others, who promoted a crypto token, EMAX, in a doomed bid to raise its value, artificially.

The endorsers did agree to pay millions in Fines to the SEC, but the judge decided that the investors held some responsibility for their own losses.

With the help of Florida attorney Adam Moskowitz (pictured), Livieratos and the other plaintiffs are now seeking to hold FTX’s celebrity endorsers accountable, including tennis star Naomi Osaka, Golden State Warriors guard Stephen Curry, and entrepreneur Kevin ‘Mr. Wonderful’ O’Leary from the reality show ‘Shark Tank.’ ‘You have very rich people we all love telling us that they checked this out, and it was okay,’ Moskowitz said in an interview. ‘Why shouldn’t they be held responsible?’