Cryptocurrency was having the best moment in its history and dozens of celebrities They have not hesitated to accept millions of dollars to support the emerging digital economy that promises to be the future of finance. But 2022 brought a market crash with more than 2,000 million evaporated, which drove thousands of investors and questioned all the celebrities preaching the benefits of the industry.
While colleagues signed up for the car, American artist Taylor Swift turned down an offer of nearly 100 million dollars to publicize the misfortune. FTXself-proclaimed one of the world’s largest cryptocurrency exchanges bankruptcy at the end of last year after a potential fraud case in the management of assets.
This was revealed to digital media ‘The Block’ yesterday by attorney Adam Moskowitz, author of the lawsuit against celebrities like basketball legend American football star Tom Brady. Shaquille O’Neal or actor and comedian Larry David. The class action lawsuit, which also targeted 12 other media figures, accuses them of promoting the sale of unregistered securities. That’s why he’s demanding $5,000 million in damages.
Bad habits
Moskowitz said that Swift was one of the few artists to be cautious, and before accepting the deal, he decided to see if he broke the law by becoming the publicity face of FTX. “The only person I found doing this was Taylor Swift. On our expedition, Swift asked them, ‘Can you tell that these are not unsaved values?’The lawyer, who made a statement, added that most of the celebrities do not behave in the same way.
Billionaire Elon Musk assured that he was not surprised by the responsible attitude of the famous pop singer. “Taylor is smart and her father is a well-known investment banker,” He drew attention to Twitter, the social network he manages.
Moskowitz also owns Binance, the largest trading platform on the planet, or Digital Travelerfiled for bankruptcy on July 5 last year. Celebrities like Kim Kardashian have already had to pay huge fines for not reporting their advertising activities. It may not be the only one.