FTX influencers shift blame back onto the crypto exchange
Crypto bigwigs have joined the ranks of FTX influencers in recent years. Now, many are backtracking on their endorsements as some get sued.
Cryptocurrency news by Protos · Protos
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Show Notes
Before it filed for bankruptcy in November, crypto exchange FTX was this year’s largest advertiser among crypto companies. Needless to say, it overspent ⏤ but not before hordes of influencers convinced their followers to deposit money into FTX. The exchange then proceeded to “lose” $8 billion of its customers’ money.
Some celebrities backtracked on their endorsements after FTX collapsed, claiming that they were fooled along with the rest. However, FTX investors aren’t buying it. Some have sued big names like Larry David and Tom Brady for the part they played in misleading customers.
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