Curb your "safe" crypto exchange

cloudballoonsays...

That's.... selective editing. If you watch the full ad then it's more like a straight up "You'll be a sucker if you don't get into crypto pronto!" message than being incisively prescience.

https://www.youtube.com/watch?v=_-FQqo46CJQ

Larry's more in the same boat as the likes of Matt Damon & Kim Kadashian here. However, the after-the-fiasco irony in the ad could/should avoid landing Larry into lawsuits/hotwater like those 2 actors did (unless he also pump & dump, contrary to his message, which I don't know yet?).

moonsammysays...

Wait, are people blaming the paid celebrity endorsers, as if they're at fault for some part of this? I suppose that wouldn't surprise me as I've met people, but goddamn that's dumb. They're actors! They were PAID to ACT in an AD!

cloudballoonsaid:

Larry's more in the same boat as the likes of Matt Damon & Kim Kadashian here. However, the after-the-fiasco irony in the ad could/should avoid landing Larry into lawsuits/hotwater like those 2 actors did (unless he also pump & dump, contrary to his message, which I don't know yet?).

eric3579says...

Here is the attorney on Fox regarding the suit. https://www.foxnews.com/media/attorney-behind-lawsuit-against-ftx-tom-brady-celebrities-liable-crypto-endorsements

I wonder if having a stake in the company could have something to do with it. Also when it comes to financial investing the rules may be different having to do with responsibility. Will be interesting to see how it shakes out.

moonsammysaid:

Wait, are people blaming the paid celebrity endorsers, as if they're at fault for some part of this? I suppose that wouldn't surprise me as I've met people, but goddamn that's dumb. They're actors! They were PAID to ACT in an AD!

newtboysays...

It sounds to me like Florida is casting a wide net, including anyone with direct connections.
Paid spokespeople who disclosed at the time they were paid spokespeople will likely not be liable, but Mark Cuban is in trouble. He promoted crypto for years it seems, rarely stating he got paid to do it or that he had a large stake in the company. It’s going to bite him.

Yes, there are VERY different rules when it comes to financial investing and being a spokesperson for financial investment opportunities. They’re dealing with the FEC.

eric3579said:

Here is the attorney on Fox regarding the suit. https://www.foxnews.com/media/attorney-behind-lawsuit-against-ftx-tom-brady-celebrities-liable-crypto-endorsements

I wonder if having a stake in the company could have something to do with it. Also when it comes to financial investing the rules may be different having to do with responsibility. Will be interesting to see how it shakes out.

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