Taylor Swift Rejects FTX's Crypto Offer Due To Securities Concerns
Taylor Swift Rejects FTX’s Crypto offer due to Concerns about unregistered securities. Many celebrity endorsers of FTX are facing a lawsuit class action presently. The names of the endorsers are Larry David, Shaquille O’Neal (Shaq), and Tom Brady.
According to recent news, a pop icon and 12-time Grammy Award winner turned down the sponsorship offer. This is a $100 million offer from the now-bankrupt cryptocurrency exchange FTX.
Key Takeaways:
- Taylor Swift rejected a $100 million offer from FTX due to unregistered securities concerns.
- FTX faces a lawsuit for promoting a Ponzi scheme with celebrity endorsers like Larry David and Shaquille O’Neal.
- Taylor Swift consulted with her lawyer about FTX’s securities registry before rejecting the offer.
- Elon Musk commented on Taylor Swift’s rejection, calling her a smart girl like her father, a good investment banker.
- Taylor Swift’s father founded the Swift Group, and Taylor has expressed admiration for his work.
Taylor Swift avoids collaboration with FTX. Taylor Swift is a famous songwriter and singer. She won 12 Grammy Awards from 46 nominations.
She rejects sponsorship proposals from Sam Bankman Fried, a former FTX CEO. The reason behind this rejection is diligence on the now-bankrupt cryptocurrency exchange FTX. Last year in November, FTX filed for Chapter 11 bankruptcy.
Basket News announced on Twitter that Taylor Swift turned down the $100 million from now-bankrupt cryptocurrency FTX due to some securities concerns.
One of the layers of a %500 million lawsuit action against FTX’s endorsers. During the first episode of the scoop podcast of Blocks, he discloses that when SBF approach, Swift will contact her attorney as compared to other celebrities who invest in FTX.
Moreover, Moskowitz adds that Taylor Swift is the only person who contacts her lawyer. According to our discovery, she asked her lawyer that “Can you tell me about the registry of securities.”
Bankman-Fried faces multiple fraud charges in collaboration with Swift in the United States. This collaboration results in the cost of $100 million to the bankrupt crypto company over 3 years.
CoinPatrol announced on Twitter that over unregistered securities concerns, Taylor rejected the sponsorship offer of the Crypto exchange FTX.
Moskowitz files a class action lawsuit with David Boies, a former Weinstein Layer, describing FTX as a Pyramid scheme. They claimed that celebrity endorsers of crypto exchange promote a Ponzi scheme. This scheme results in an impact on thousands, if not millions, of consumers globally.
The CEO of Twitter and Tesla comments on how Taylor Swift avoided the involvement of FTX. Elon Musk also rejected the offer of investment of an FTX executive on Twitter. He tweeted on Wednesday that
“It’s not surprising me. Tayler is a smart girl while his father is a very good investment banker.”
Bitcoin News announced on Twitter that Elon Musk stated about the rejection of Taylor to partnership offer of FTX. He said that Taylor is a smart girl like her father, a very good investment banker.
The father of Swift named, Scott Kingsley, founded Swift Group as a financial advisory and wealth management group. Swift Group is part of America’s Bank company named Merrill Lynch.
On several Ocea sons, Taylor has expressed commendation for her father’s passion for his work. Taylors wanted to follow in his father’s footsteps at eight to become a financial advisor.