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Larry David sued for crypto ad in which he talked crap about crypto

Larry David

Larry David
Photo: Matt Winkelmeyer (Getty Images)

Natural entertainment partners Larry David, Tom Brady and Shaq are finally working together-in a lawsuit, if Variety reports that all three famous guys, plus a number of other bigwigs, are being sued as part of a class action lawsuit against the collapsing cryptocurrency exchange FTX. Specifically, they were named “brand ambassadors” in a suit by an Oklahoma man accusing the crypto exchange of employing celebrities to target “unsophisticated investors” in a “Ponzi scheme” in an attempt to keep the exchange alive.

FTX itself, as well as former CEO Sam Bankman-Fried, are both also named in the lawsuit, which was brought by a man named Edwin Garrison. who says he was tricked into buying an FTX account, and who says he hopes to represent “thousands, if not millions, of consumers nationwide” who were allegedly defrauded by the company. Other celebrities targeted in the suit include Giselle Bündchen (who appeared with husband Brady in their “You’re In” commercial), as well as Stephen Curry and his NBA team, the Golden State Warriors, who loudly promoted FTX during their most recent season.

Don’t Miss Crypto: Larry David FTX Commercial

David’s participation in all this looks especially on brand: featured in a Super Bowl ad (during this year’s crypto-heavy Super Bowl) in which the big appeal was that he declared out loud that crypto would not work, and was not worth investing in. (This, after a long series of historical sketches from Larry David who were wrong about technical innovations throughout history, mostly known for being a very of Larry David type “acting.”) The result of this is that he gets sued for promoting FTX in an ad where he doesn’t say a single nice thing about FTX, which feels like a pretty good encapsulation of the whole Larry David vibe .

FTX is currently in the kind of free fall that causes you to have separate sections for “crisis onset,” “crisis worsening,” and “broadening impact” on your Wikipedia page; the company filed for Chapter 11 bankruptcy on November 11, and is believed to be is being investigated by both the SEC and the Department of Justice.

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