Gisele Bündchen was one of FTX's biggest equity holders, and says she was 'blindsided' by its collapse

• Gisele Bündchen said she was 'blindsided' by FTX's bankruptcy.

• The fashion model told Vanity Fair she initially 'trusted the hype.'

• Her FTX stake may have been worth around $25 million before the company collapsed, according to some estimates.

International supermodel Gisele Bündchen was among the top equity holders of the collapsed crypto exchange FTX, alongside her ex-husband the NFL legend Tom Brady.

But now, as Sam Bankman-Fried awaits trial in the aftermath of the collapse of his crypto empire, Bündchen has spoken about the FTX bankruptcy for the first time.

"I was blindsided," she told Vanity Fair in its March cover story issue. "I'm no different than everyone else that trusted the hype."

While she is legally unable to discuss the specifics, Bündchen said she initially believed FTX to be "a sound and great thing based on what my financial advisers told me."

"It's just...terrible," the fashion model said. "I'm so sorry for all of us that this happened, and I just pray that justice gets made."

Bündchen owned just under 700,000 common shares of FTX, according to a document released by FTX in February as part of its bankruptcy process. While Brady, who was an FTX brand ambassador, owned just over 1.1 million common shares.

The fashion model was an environmental and social initiatives advisor to FTX and appeared in commercials with her then-husband Brady for the crypto firm.

The exact extent of Bündchen's losses is unknown because FTX was a private firm, but Forbes previously estimated that Bündchen stake was worth around $25 million while Brady's stake was worth as much as $45 million.

Read the original article on Business Insider