Taylor Swift Rejected Crypto Exchange FTX’s Sponsorship Offer Over Unregistered Securities Concerns

Taylor Swift, a popular icon and 12-time Grammy Award winner, reportedly turned down a $100 cardinal sponsorship connection from the now-bankrupt cryptocurrency speech FTX owed to concerns astir unregistered securities. A fig of FTX personage endorsers are presently facing a people enactment lawsuit, including Shaquille O’Neal (Shaq), Tom Brady, and Larry David.

How Taylor Swift Avoided Partnering With FTX

Taylor Swift, a celebrated singer-songwriter who has won 12 Grammy Awards from 46 nominations, reportedly did owed diligence connected now-bankrupt cryptocurrency speech FTX and turned down a sponsorship connection from erstwhile FTX CEO Sam Bankman-Fried. FTX filed for Chapter 11 bankruptcy successful November of past year.

Adam Moskowitz, 1 of the attorneys starring a $5 cardinal class-action suit against 16 personage endorsers of FTX revealed during an occurrence of the Block’s Scoop podcast that Swift took the measurement of consulting with her lawyer erstwhile approached by SBF, successful opposition to different celebrities who invested successful FTX.

“The 1 idiosyncratic I recovered that [talked to their lawyers] was Taylor Swift,” Moskowitz shared, adding:

In our discovery, Taylor Swift really asked them: ‘Can you archer maine that these are not unregistered securities?’

Bankman-Fried, who is facing aggregate fraud charges successful the U.S., reportedly lobbied aggressively for a concern with Swift. The concern would person outgo the bankrupt crypto institution much than $100 cardinal implicit 3 years.

Describing FTX arsenic a “pyramid scheme,” Moskowitz, on with erstwhile Weinstein lawyer David Boies, filed a class-action suit successful Florida alleging that the crypto exchange’s personage endorsers promoted a “Ponzi scheme,” which impacted “thousands, if not millions, of consumers nationwide.” Shaquille O’Neal (also known arsenic Shaq), Tom Brady, and Larry David are among the FTX personage promoters who are facing a class-action suit filed by Moskowitz for endorsing income of unregistered securities.

Commenting connected however Swift avoided engagement with FTX, Tesla and Twitter CEO Elon Musk, who besides turned down an connection from Bankman-Fried erstwhile the erstwhile FTX enforcement wanted to put successful Twitter, tweeted Wednesday:

I’m not surprised. Taylor is astute and her begetter is simply a well-regarded concern banker.

Scott Kingsley Swift, Taylor’s father, founded the Swift Group, a wealthiness absorption and fiscal advisory radical that is portion of Merrill Lynch, a Bank of America company. Taylor has expressed her admiration for her father’s passionateness for his enactment connected respective occasions. Even astatine the young property of eight, erstwhile her peers aspired to go astronauts oregon ballerinas, Taylor wanted to travel successful her father’s footsteps and go a financial adviser.

What bash you deliberation astir popular icon Taylor Swift being acrophobic astir unregistered securities erstwhile approached by the disgraced FTX co-founder Sam Bankman-Fried? Let america cognize successful the comments conception below.

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