Factz

CONFIRMED

Taylor Swift was Smart Enough to Avoid FTX Sponsorship Because she Asked the Right Questions

Taylor Swift is one celebrity who managed not to get embroiled in the downfall of FTX.

That’s because she never signed a sponsorship deal. And the reason?

She was the only person to ask about unregistered securities, according to a lawyer representing a class-action lawsuit against several FTX promoters.

Taylor Swift pulled out of a $100M sponsorship deal with Sam Bankman-Fried’s now-defunct crypto exchange FTX, because she asked the important questions.

So now she’s not being sued alongside the likes of Tom Brady, Shaq, Larry David and Stephen Curry, who were embroiled in the company’s messy downfall.

Lawyer Adam Moskowitz spoke on “The Scoop” podcast about the lawsuit, saying that the plaintiffs are seeking over $5B from FTX’s celebrity endorsers. The lawyer said that the celebrities who promoted FTX did not do their due diligence. Moskowitz clarified, “The one person I found that did that was Taylor Swift.”

He added, “In out discovery, Taylor Swift actually asked them, ‘Can you tell me that these are not unregistered securities?'”

It’s no surprise to hear that Swift has worked hard to educate herself about the ins and outs of deals.