Larry David Regrets Super Bowl Ad for FTX
Larry David, the famous comedian known for his candidness, has expressed regret over his appearance in a 2022 Super Bowl ad for FTX. In hindsight, he views his decision to support the now-collapsed crypto exchange as a mistake. David sought advice from friends who were knowledgeable about cryptocurrency before doing the ad, and they assured him it was fine. However, he did not disclose their identities.
Regret and Lawsuit
David deeply regrets his association with FTX, especially after the exchange filed for bankruptcy due to accounting irregularities. Following this revelation, David, along with other celebrity endorsers like Tom Brady and Shaquille O’Neal, faced a class-action lawsuit alleging their involvement in a fraudulent scheme targeting inexperienced investors. David acknowledged the lawsuit and even expressed support for its claims, as he suffered financial losses due to his crypto salary.
The Super Bowl Ad
In the Super Bowl ad, David used his trademark skepticism to mock various historical inventions and concluded by deriding FTX. Interestingly, he was the only celebrity endorser cautioning users not to use the app. However, the ongoing lawsuit doesn’t give much weight to this ironic distinction. The case received support from a former FTX compliance executive who provided crucial testimony. Meanwhile, FTX’s founder, Sam Bankman-Fried, was found guilty of fraud and conspiracy charges.
Hot Take: Larry David’s Costly Crypto Ad
Larry David’s decision to endorse FTX in a Super Bowl ad has come back to haunt him as the exchange collapsed and faced legal troubles. Despite seeking advice from trusted individuals, David now regrets his involvement. The class-action lawsuit against him and other celebrity endorsers further compounds his remorse. The ad itself, with David’s satirical tone, failed to save him from the legal consequences. As the lawsuit continues, David hopes to recover some of his losses. This serves as a cautionary tale about the risks associated with celebrity endorsements in the crypto world.
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