Things are face pretty , prettyy , prettyyy tough for Larry David , as well as a slew of other noted people who previously helped to further the now - wreckedcryptocurrency telephone exchange FTX .
A class action cause filed in Florida on Tuesday inclination as defendant a host of celebrities who shill for the platform , including David , football god Tom Brady , his x - wife Gisele Bundchen , basketball adept Shaq and Steph Curry , and others . The suit also list the firm ’s former chief operating officer and founder , Sam Bankman - Fried , or SBF , as a defendant , and accuse the company of being a “ deceptive ” business that engage in harmful and deceitful demeanour .
All I can remember is : poor Larry . The maestro behind Seinfeld and Curb Your Enthusiasm unluckily asterisk in a Super Bowladearlier this year promoting the exchange . The advertizing , which is candidly quite funny , shows the comedian missing out on a number of technological innovations throughout account ( the rack , forks , a potty ) , only to turn down investment funds in FTX , too . The ad end with the tagline DON’T BE LIKE LARRY , implying the viewer should enthrone in the crypto exchange because it is the room of the future .
Screenshot: Lucas Ropek/YouTube
you could sorta imagine David being hectored into look in the advert by his agent , though it ’s still a bit unsatisfying that the Curb star actually did it . Now , obviously , he might be all form of trouble .
The lawyers filing the new suit , powerhouse New York attorneyDavid Boiesand Adam Moskowitz , write that FTX was a “ Ponzi scheme ” and debate that the actions of the defendants constituted fraud that affect “ chiliad , if not millions , of consumers nationwide . ” FTX itself has admit to owe money to at least amillion client . The sound argument revolves around the idea that FTX and its supporters were ilegally push unregistered securities — which is a title that has been made inprevious lawsuitsagainst crypto companies :
“ … FTX ’s fraudulent system was designed to take advantage of rustic investor from across the country , who apply wandering apps to make their investments . As a result , American consumers conjointly have over $ 11 billion buck in damages . ”
large genius getting sue over this form of matter is n’t exactly anomalous these 24-hour interval . In recent age , a crestless wave of renown crypto endorsements has lead to more and more legal action . Kim Kardashian , who notoriously promoted a little - known shitcoin last year , wassuedfor her role in driving investor to the project . Critics alleged that the coin had all the markings of a pump - and - dump outline .
unluckily , that reputation went down in a shudder testicle of fire last week when it came to light that FTX executives had been malversate massive sum of exploiter ’ funds for risky bets . Since then , the society has lodge forbankruptcy , billions of dollars in assetsare missing , the exchange has beenhackedand hundreds of millions were stolen , and the U.S. is now debate whether toextraditeSBF back to the states to resolve for potential criminal charge . do it to say things are n’t going well , and people who previously vouched for the company appear reasonably bad .
Of course , there ’s only one thing that could encapsulate this whole clusterfuck , and that ’s an update of Larry ’s FTX commercial with the traditional Curb jingle hang on to it . course , someone already made one :
In this case , real Larry — and everybody else in the world — in all likelihood should have listened to TV Larry and steered absolved of what was very plainly a bad thought . If there ’s one ash grey liner , though , it ’s that you could sorta conceive of the FTX catastrophe getting written into the next time of year of Curb Your Enthusiasm . It would make for a stellar history spark , and could redeem this whole fiasco — if only slenderly .
Kim KardashianSam Bankman - FriedSeinfeldSuper BowlTom Brady
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