American comedian Larry David has revealed that he lost a lot of money because part of his FTX Super Bowl commercial salary was in cryptocurrency.
Larry David, who was portrayed as a crypto skeptic in Super Bowl ads, is now trading with the now-defunct FTX, whose founder Sam Bankman Fried is facing serious legal issues. He calls himself a “stupid” for what he does.
in interview David told The Associated Press that FTX and its disgraced founder, Sam Bankman Fried, lost “a lot of money” as things went sour. He currently faces up to 100 years in prison on multiple charges. David also added that he has sought advice from his friends who are familiar with cryptocurrencies and have assured him that it is legal.
“I asked people who know about this, my friends, 'Should I do this?' Is there anything wrong with me doing this? Is this okay? They said, 'Should I do this?' I said, “Yes, this is totally trending up.” It's okay, just try it. So, like an idiot, I did it. ”
larry david
American comedian who appeared in FTX's 2022 Super Bowl commercial directed by Jeff Shafer. The ad introduced David's persona critiquing historic inventions and ended with him discovering his FTX as a “safe and easy way to get into cryptocurrencies.”
Despite this, David remained skeptical in the ad, saying: And I'm never wrong about this, never. ”
After FTX's bankruptcy, David and other celebrities promoting the cryptocurrency exchange faced legal action for being called FTX's “brand ambassadors.”
Cryptocurrency exchange FTX collapsed in November 2022 after it was revealed that the exchange had an $8 billion shortfall in its accounts, leading to its official declaration of bankruptcy.
