What to know
Larry David, Tom Brady, Steph Curry, other celebs sued over FTX crypto exchange collapse… Remember those 2022 Super Bowl ads with Larry David “missing out” on big trends, the ones trying to get you to buy into crypto? Don’t be a chump like Larry, invest in crypto currency on FTX, they said. In a tragically comic ironic twist, fit only for a Curb Your Enthusiasm episode, it turns out missing out was the right move this time around. FTX filed for bankruptcy this month, is short $8 billion, and is being investigated by the SEC and Justice Dept. Now its leaders and celebrity spokespeople, including David, are facing a lawsuit from consumers. Who could have seen this coming? 🙈
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