Tom Brady Has Been Cleared in Most FTX-Related Charges

Tom Brady was at the center of some serious litigation for his role in promoting the FTX crypto-trading platform, which infamously collapsed back in 2022, landing CEO and founder Sam Bankman-Fried in prison for fraud. But it sounds like Brady will avoid any legal repercussions.

Though Brady helped promote the crypto-trading platform as a paid spokesperson, a Florida federal judge has dismissed most of the claims against Brady and the other high-profile celebrities and YouTubers who promoted FTX.

According to CNBC, U.S. District Judge K. Michael Moore determined that the plaintiffs “fail to adequately plead causation” and “fail to plausibly allege Defendants’ knowledge of FTX’s fraud.” 

While the judge conceded that Brady and the other celebrities might have been “uninformed, negligent, or even reckless,” the plaintiffs did not show they “had any knowledge of FTX’s fraud” or “had the requisite intent to deceive or defraud investors.”

The judge also cleared Brady and the defendants of related civil conspiracy claims, writing that “defendants cannot be found liable for civil conspiracy for merely receiving payments and other monetary benefits in exchange for their promotional content.”

In addition to clearing Brady, the Moore dismissed nearly all of the claims against the “Celebrity Defendants,” which included Brady's ex-wife Gisele Bündchen as well as  Kevin O’Leary, Stephen Curry, Shohei Ohtani, Larry David, the Golden State Warriors, Udonis Haslem, David Ortiz, and Naomi Osaka.