On one side there is a particularly fanatic Sam Bankman-Fried, and on the other a clairvoyant Taylor Swift. This week, a lawyer who is leading a class action lawsuit against FTX explained that the famous pop and country singer had been “the only person” to refuse to work with the platform, despite a large check for 100 million dollars at the key.
The founder and former CEO of FTX had wanted to sponsor Taylor Swift for her tour. In exchange for her remuneration, she had to shoot her concerts under the sign of web3 and the FTX badge, with tickets in the form of NFT in particular. The facts date back to the fall of 2021, a year before the company’s collapse, its bankruptcy, and its tidal wave in the cryptocurrency market.
Lawyer Adam Moskowitz, guest on the American podcast The Scoop (from The Block media) on April 19, has already worked on the FTX affair and in particular the company’s relationship with the stars who promoted it in the news. exchange of generous sums. Unlike Taylor Swift, big names had decided to sign and work with FTX, including the famous American football player Tom Brady or basketball player Shaquille O’Neal.
To refuse to sign, Taylor Swift had expressed her doubts about the lack of regulation of FTX financial products, sold as assets but far from being registered and monitored in the same way as other investment products, for the Securities and Exchange Commission. Against their irresponsible promotion, personalities who have signed contracts with FTX are attacked for up to 5 billion dollars by lawyer Adam Moskowitz and his clients.
Remember that at the same time, the collapse of FTX caused its clients to lose more than $10 billion, evaporate $32 billion in value, and that its founder and former boss Sam Bankman-Fried faces 100 years in prison. with all its cumulative pains.
Elon Musk – who tends to initiate himself in all conversations to give his opinion – reacted on Twitter: “I’m not surprised. Taylor is smart and her father is a famous investment banker”, he wrote. However, let’s leave the merit to the singer rather than to her father – she who had already distinguished herself in the protection of her business in a showdown with her former producer Scooter Braun.
