Comedian Larry David Regrets Starring in FTX Super Bowl Commercial
During the final season premiere of “Curb Your Enthusiasm,” comedian Larry David expressed regret over his decision to star in a Super Bowl commercial for bankrupt crypto exchange FTX. David consulted his friends before doing the ad, asking if there was anything wrong with it, and they assured him it was fine. However, he now feels foolish for going through with it. The commercial, which aired in 2022, shows David rejecting past inventions and ultimately rebuffing FTX. In light of FTX’s former CEO being found guilty of fraud and the exchange filing for bankruptcy, celebrities like David are facing a class-action lawsuit for their involvement in promoting the exchange.
Class Action Lawsuit Targets Celebrities
In November 2022, a class-action lawsuit was filed against celebrities who endorsed FTX, including Larry David, Tom Brady, and Steph Curry. The lawsuit alleges that these celebrities actively participated in the sale of unregistered securities through yield-bearing accounts. David revealed that he is part of the lawsuit and expressed his desire to be involved because he suffered financial losses due to his salary being in cryptocurrency. The outcome of the lawsuit remains to be seen.
Hot Take: Larry David’s Regret Highlights Risks of Celebrity Endorsements
Comedian Larry David’s regret over starring in an FTX Super Bowl commercial serves as a cautionary tale about the potential risks associated with celebrity endorsements in the crypto industry. Despite seeking advice from friends, David ultimately made a decision that he now considers foolish. This case also underscores the legal consequences that celebrities may face when endorsing crypto projects that later face legal troubles. It highlights the importance of thorough due diligence before associating one’s name and reputation with any cryptocurrency venture.
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