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Many celebrities are in serious trouble due to cryptocurrency prices plummeting and cryptocurrency exchange FTX Trading declaring bankruptcy.
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SBF lost his entire $16 billion fortune in a matter of days.
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But he's not the only high-profile investor to lose money during the FTX downturn.
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Brady and Gisele Bundchen, his wife at the time, was given an equity stake in FTX just a few months after he won his seventh Super Bowl in 2021.
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Steph Curry, a former NBA star, is the same story. In 2021, he also gave an equity stake in the company.
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Other prominent investors in FTX included Trevor Lawrence of the Jacksonville Jaguars, Shohei Ohtani from MLB, Naomi Osaka, and Kevin O'Leary of Sharktank.
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Friday's announcement stated that the Chapter 11 process would include Alameda Research and West Realm Series and 130 affiliated companies.
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After a lengthy apology via a series of tweets, Sam Bankman-Fried, embattled CEO, has resigned.
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