In the final season premiere of “Curb Your Enthusiasm,” Larry David expressed regret over participating in FTX’s Super Bowl commercial and reflected on poor decisions he made after the cryptocurrency exchange went bankrupt.
Larry David admits regret in FTX Super Bowl ad: ‘I did it like a fool’
‘Seinfeld’ and ‘Curb Your Enthusiasm’ creator Larry David recently expressed regret over his participation in a Super Bowl commercial for bankrupt cryptocurrency exchange FTX. David admitted in the final season premiere of “Curb Your Enthusiasm” that his decision to support FTX was a bad one.
I asked my friends who were well versed in this field, ‘Should we do this ad?’ Is there something wrong with me doing this? ‘Is this okay?’ And they’re like, ‘Yeah, this is totally evolving…’ He said, ‘Do it.’ So, like an idiot, I did it.
In a 2022 Super Bowl commercial, David humorously rejected groundbreaking inventions like the wheel and light bulb and ended with a skeptical view of FTX. This ironic approach became controversial when FTX filed for bankruptcy in November 2022 after significant discrepancies in its accounting were revealed.
David, along with other celebrity supporters including Tom Brady and Shaquille O’Neal, are embroiled in a class action lawsuit. The suit accuses them of conspiring with FTX founder Sam Bankman-Fried in a “fraudulent scheme” aimed at defrauding unsuspecting investors.
“I want to join the class action lawsuit,” David told The Associated Press. “I lost a lot of money because part of my salary was in cryptocurrency.” According to a biography of Bankman-Fried written by Michael Lewis, David was paid $10 million for the advertising, but the method of payment has not yet been confirmed.
The legal case against FTX continues, with the 3rd Circuit Court of Appeals in Philadelphia recently overturning a previous decision and now requiring FTX to be investigated by an independent investigator. Bankman-Fried, the founder and former CEO of FTX, was found guilty on several federal fraud and conspiracy charges and is scheduled to be sentenced in March.
What do you think Larry David did wrong for participating in the FTX Super Bowl commercial? Share your thoughts and opinions on this topic in the comments section below.
Source: Bitcoin.com