Renowned Comedian Larry David Regrets Starring in FTX Super Bowl Ad
During the premiere of the final season of “Curb Your Enthusiasm,” Larry David expressed regret for his decision to participate in a Super Bowl commercial for FTX, a now-bankrupt cryptocurrency exchange. Despite seeking advice from knowledgeable friends, David admitted to feeling foolish for being involved in the advertisement.
FTX Ad Featured David Rejecting Inventions with Humor
The FTX ad, which aired in 2022, showcased David comically dismissing past inventions before ultimately rejecting FTX. However, the aftermath revealed a darker side as FTX’s former CEO was recently found guilty of defrauding customers and lenders.
Larry David Consulted Friends Before Agreeing to FTX Ad
David consulted friends who were well-versed in the industry before deciding to participate in the FTX ad. Despite their reassurances that it was a legitimate opportunity, he now admits that he made a foolish choice.
FTX Faces Class Action Lawsuit
Due to their involvement with FTX, David and other celebrities who promoted the platform are facing a class action lawsuit filed in November 2022. The lawsuit alleges that they misled customers and engaged in deceptive practices related to FTX yield-bearing digital currency accounts.
FTX Chooses to Liquidate Assets
In a recent hearing, it was revealed that FTX has chosen to liquidate all assets instead of attempting to rebuild the exchange. The platform has been unable to secure sufficient funds from potential bidders and investors since October 2023. The company is now focused on returning funds to its customers.
Hot Take: Larry David’s Regret Over FTX Super Bowl Ad
It’s unfortunate that Larry David has expressed regret over his involvement in the FTX Super Bowl ad. This situation serves as a reminder of the risks associated with endorsing cryptocurrency platforms, especially considering the fraudulent activities that have been uncovered. It highlights the importance of conducting thorough research and seeking expert advice before making such decisions. Celebrities and individuals alike should be cautious about promoting entities that may have questionable practices, as it can result in legal consequences and financial losses.
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