Renowned comedian Larry David expressed regret over his decision to star in a Super Bowl commercial for the now-bankrupt cryptocurrency exchange FTX. The FTX ad aired during Super Bowl LVI. During the final season premiere of “Curb Your Enthusiasm,” David admitted to feeling foolish for participating in the advertisement despite seeking advice from knowledgeable friends.
Larry David’s Reflections
Recalling the decision-making process, David revealed that he had consulted friends who were well-versed in the industry to seek their opinions. Assured it was a legitimate opportunity, he reluctantly agreed to take part. The commercial featured David comically rejecting past inventions before ultimately dismissing FTX. However, the aftermath revealed a darker side, as FTX’s former CEO Sam Bankman-Fried was found guilty of defrauding customers, lenders, and investors.
“The Larry David FTX ad humorously portrayed me rejecting historical inventions with my signature wit and conviction.”
Bankman-Fried has been convicted for defrauding various parties, leaving him awaiting sentencing. As a consequence of their involvement with FTX, David and other celebrities who promoted the platform were hit with a class action lawsuit following the company’s implosion.
FTX Bankruptcy and Legal Actions
In a recent hearing, FTX attorney Andy Dietderich shared that the company has been negotiating with potential bidders and investors since October 2023. However, none were willing to contribute sufficient funds to rebuild the FTX exchange. The platform has thus chosen to abandon and liquidate all assets, returning funds to its customers.
“The class action lawsuit, filed in November 2022, claims that Sam Bankman-Fried, Tom Brady, Larry David, and other celebrities misled customers and engaged in deceptive practices.”
