I guess that makes sense somewhat. To expect a celebrity to understand almost anything they endorse seems to be a stretch to me.
Especially financial instruments.
How many here can actually explain, in depth, crypto?
Well, I certainly can't - but I'm OK with it because I understand the Dutch Tulip Bulb collapse in depth.
They didn’t have to endorse this company. They made a poor decision. I guess we will wait and find out their whole story regarding this.
It is always about more money. More riches and a bigger life.
Brady/Bundchen might have gotten into the FTX scheme without knowing it was a scam (I’d guess they were buttered up as brilliant celebs and given special deals to “get in early”/function informally as “influencers”).
Claims on this thread imply that at some point they learned, or strongly suspected, it was a fraud. Sharing this with the public would pop their own bubble, plus tarnish their egos and brands. As far as I know they did not report it officially or otherwise.
If it can be proved that at some point they knew better, but kept it hidden in an attempt to get out and leave others holding the bag, they should have liability. For the earlier ego-blinded fool stage, not so much. Other investors had no reason to believe an old footballer and a pretty woman knew jack about investments.
As to explaining “crypto”. 1) I know only that a crypt is a dark hole in the ground for storing the dead. Cryptic implies something hidden from view. 2) First rule of investment analysis: if you can’t understand it, run away.