American comedian Larry David, co-creator of the television series Seinfeld and creator of Curb Your Enthusiasm, spoke out about his appearance in an ad spot promoting failed cryptocurrency exchange FTX.
In an Associated Press interview released on Jan. 31, David <a href="https://www.youtube.com/watch?v=9x1It5GxYgE" target="_blank" rel="noopener noreferrer nofollow">said</a> he had consulted with friends “who were well-versed in this stuff” before agreeing to appear in a Super Bowl commercial promoting FTX. The ad, which aired during Super Bowl LVI in February 2022, <a href="https://cointelegraph.com/news/celebs-who-got-burned-endorsing-crypto-and-those-that-got-away-with-it" rel="noopener noreferrer nofollow">encouraged millions of viewers</a> not to “miss out on the next big thing” and featured David rejecting a series of sound investments before making the same decision on crypto.
“So, like an idiot, I did it,” said David.<iframe width="100%" height="315" src="https://www.youtube.com/embed/9x1It5GxYgE" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
The comedian said he “lost a lot of money” after doing the ad spot as part of his salary had been in crypto. He hinted at some of the class-action lawsuits he faced with other celebrities who promoted FTX. The plaintiffs in those cases alleged David didn’t perform due diligence on the exchange before agreeing to promote FTX.<iframe width="100%" height="315" src="https://www.youtube.com/embed/hWMnbJJpeZc" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
Related: <a href="https://cointelegraph.com/news/crypto-top-signals-next-bull-market-celeb-nfts-ads" rel="noopener noreferrer nofollow">Celeb NFTs and cringy ads — Analysts share their signs of a Bitcoin peak</a>
FTX filed for bankruptcy in November 2022, roughly nine months after David’s ad spot aired. Former CEO Sam Bankman-Fried was arrested, charged, and <a href="https://cointelegraph.com/news/ftx-founder-sam-bankman-fried-found-guilty-on-all-charges" rel="noopener noreferrer nofollow">convicted of multiple felony counts</a> related to the misuse of funds between the exchange and Alameda Research. He is scheduled to be sentenced in March.
Super Bowl LVIII, scheduled to take place on Feb. 11 between the San Francisco 49ers and the Kansas City Chiefs, is expected to draw a massive audience in part due to the attendance of singer-songwriter Taylor Swift, whose ​​boyfriend Travis Kelce plays tight end for the Chiefs. Crypto ads were noticeably absent from Super Bowl LVII in 2023 following the collapse of FTX and other firms. It’s unclear if any companies are planning to release commercials for the big game in 2024.
Magazine: <a href="https://cointelegraph.com/magazine/hundreds-millions-spent-marketing-crypto-sports-fans-wasted/" rel="noopener noreferrer nofollow">Billions are spent marketing crypto to sports fans — Is it worth it?</a>

Comedian Larry David said he was ‘an idiot’ to do FTX Super Bowl ad

Cointelegraph

Other articles published on Feb 2, 2024

Marathon Digital Snaps Up Two Bitcoin Mining Sites From Hut 8 For $13.5 Million

The Missing Part of Biden’s AI Order

ZetaChain Surges by 125%: How High Can the ZETA Price Go?

Crypto Analysis: Bitcoin’s Descent Below $43K, InQubeta Presale Moves Towards $10M

Unlock Fortune: Top 3 Crypto Coins Poised to Skyrocket Your Wealth in 2024!

Binance and SEC at odds; Pullix may flip Uniswap in trading volume

Join our free newsletter for daily crypto updates!