sam arrested after bankman fred FTX The fiasco has brought many celebrities into the spotlight such as Tom Brady and his ex-wife Model Gisele Bundchen Who were all with the platform, the rules for promoting cryptocurrencies are different than any other products or services.
FTX had a net worth of $32 billion, and got there due to the support from A-listers like Tampa Bay Buccaneers quarterback Tom Brady Along with his ex-wife, Victoria’s Secret model Gisele Bundchen and even Golden State Warriors star Stephen Curry, at least in terms of ads.
Now all those celebrities who were behind FTX The media strategy is facing lawsuits from investors who believed in buying cryptocurrency.
Sam Bankman Freed, former CEO of FTX, was arrested in the Bahamas
Sam Bankman Fried: Handcuffed after being arrested in the Bahamas Magistrates Court
The big question is: why is it the responsibility of the celebrities and not the company that offers to exchange virtual currencies and hire celebrities?
What is the difference between promoting cryptocurrency from any other product or service?
Jacqueline Aleman Who is a specialist in financial law spoke with CNN A news channel stated, “The laws that regulate this entire investment subject seek to protect the investor and the general public, that at the time of buying, selling or staying in an investment, they really have all the papers on offer, truthful and impartial information.”
Jimmy FallonAnd the Justin BeiberAnd the Madonna And the Serena Williams They were also promoting cryptocurrency
The problem with promoting cryptocurrencies is that when they use celebrities to promote a financial product, they never reveal whether they are investors or just promoting the company, and some believe that this can be classified as false advertising.
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