While the Seinfeld co-creator rejected the wheel, coffee, the U.S. Constitution, electricity, putting a man on the moon and more innovations in the much praised commercial, looks like David might have been right about the now collapsed FTX, for all the good it’s going to do him.
Along with the likes of Tom Brady, Gisele Bundchen, Stephen Curry and the Golden State Warriors, Shaquille O’Neal, and Naomi Osaka, David is now a defendant in a class action suit against the now hollowed out FTX and its ex-CEO Sam Bankman-Fried.
“In addition to the conduct of Defendant Sam Bankman-Fried, as described in this Complaint, some of the biggest names in sports and entertainment have either invested in FTX or been brand ambassadors for the company,” says the jury trial seeking complaint filed in federal court in Florida today by Edwin Garrison on behalf of all the “American consumers” who “collectively sustained over $11 billion dollars in damages” from FTX’s recent crash. “A number of them hyped FTX to their social media fans, driving retail consumer adoption of the Deceptive FTX Platform,” the graphics heavy class action adds (read it here).
In the case of Curry, the NBA legend admitted in another tongue-in-cheek-ish TV spot that he was not that knowledgeable about crypto. He added, looking at the camera: “I don’t need to be. With FTX I have everything I need to buy, sell, and trade crypto safely.”
Maybe not so much now that he and the others have to lawyer up.