Summary
Comedian Larry David regrets starring in a Super Bowl commercial for bankrupt crypto exchange FTX. He sought advice from friends who assured him it was fine, but now he is involved in a class action lawsuit against FTX. The lawsuit claims that celebrities, including David, actively promoted unregistered securities. David also mentioned that he lost a lot of money due to his salary being in crypto.
Key Points
1. Comedian Larry David regrets his decision to star in a Super Bowl commercial for bankrupt crypto exchange FTX, despite consulting with friends who assured him it was fine to do so.
2. The commercial, which aired in 2022, featured David rejecting past inventions in history and ultimately rebuffing FTX. However, a year later, FTX’s former CEO was found guilty of defrauding customers, lenders, and investors, leading to the exchange’s bankruptcy.
3. David, along with other celebrities such as Tom Brady and Steph Curry, are now facing a class-action lawsuit that alleges they “actively participated” in the promotion of unregistered securities in the form of yield-bearing accounts. David expressed his desire to be part of the lawsuit, as he lost a significant amount of money in crypto.