Remember That Larry David Crypto Ad? Court Rules He and Other Celebs Didn’t Mean to Dupe FTX Users
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Introduction:
The news topic “Remember That Larry David Crypto Ad? Court Rules He and Other Celebs Didn’t Mean to Dupe FTX Users” has drawn international attention, with various media outlets providing diverse insights, historical context, political stances, and on-the-ground developments. Below is a curated overview of how different countries and media organizations have covered this topic recently.
Quick Summary:
- Larry David appeared in a Super Bowl ad for cryptocurrency platform FTX in 2022. The company later collapsed, and investors sued David and other celebrities. A federal judge dismissed most claims against the celebrities on Wednesday. The judge concluded that the endorsers weren’t liable for investor losses because they didn’t have prior knowledge of FTX’s fraud. The case concerns whether power brokers of the entertainment world can be held liable for leveraging their fame to promote what some argue are unregistered securities. They all appeared in ads and events for FTX and didn’t disclose that they received equity in the company in exchange for their endorsements, the lawsuit said. The ad ends with a title card that states, “Don’n’ be like Larry. Don’d miss out.” The ad was part of a campaign for FTZ.
Country-by-Country Breakdown:
Original Coverage
Larry David appeared in a Super Bowl ad for cryptocurrency platform FTX in 2022. The company later collapsed, and investors sued David and other celebrities. A federal judge dismissed most claims against the celebrities on Wednesday. The judge concluded that the endorsers weren’t liable for investor losses because they didn’t have prior knowledge of FTX’s fraud. The case concerns whether power brokers of the entertainment world can be held liable for leveraging their fame to promote what some argue are unregistered securities. They all appeared in ads and events for FTX and didn’t disclose that they received equity in the company in exchange for their endorsements, the lawsuit said. The ad ends with a title card that states, “Don’n’ be like Larry. Don’d miss out.” The ad was part of a campaign for FTZ. Read full article
Global Perspectives Summary:
Global media portray this story through varied cultural, economic, and political filters. While some focus on geopolitical ramifications, others highlight local impacts and human stories. Some nations frame the story around diplomatic tensions and international relations, while others examine domestic implications, public sentiment, or humanitarian concerns. This diversity of coverage reflects how national perspectives, media freedom, and journalistic priorities influence what the public learns about global events.
How did your country report this? Share your view in the comments.
Sources:
Source: https://www.hollywoodreporter.com/business/business-news/larry-david-crypto-ftx-lawsuit-1236211276/