Larry David Reflects on Super Bowl FTX Ad: ‘Like an Idiot, I Did It’

At the premiere of “Curb Your Enthusiasm’s” ultimate season, Larry David expressed regret for his participation in a Super Bowl business for FTX, reflecting on the choice as misguided after the cryptocurrency trade’s chapter.

Larry David Admits Regret Over FTX Super Bowl Ad: ‘Like an Idiot, I Did It’

Larry David, the creator behind “Seinfeld” and “Curb Your Enthusiasm,” has not too long ago expressed remorse over his involvement in a Super Bowl advert for the now-bankrupt cryptocurrency trade FTX. Speaking at the premiere of the ultimate season of “Curb Your Enthusiasm,” David admitted that his resolution to endorse FTX was misguided.

I requested folks—buddies of mine who have been properly versed on this stuff—’Should I do that advert? Is there something incorrect with this, with me doing this? Is this okay?’ And they mentioned, ‘Yeah, that is completely on the up and up… Do it.’ So like an fool, I did it.

In the 2022 Super Bowl commercial, David humorously rejected groundbreaking innovations just like the wheel and the lightbulb, ending with a skeptical view of FTX. This ironic strategy turned controversial when FTX filed for chapter in November 2022 after vital discrepancies in its accounting got here to gentle.

Alongside different movie star endorsers, together with Tom Brady and Shaquille O’Neal, David discovered himself embroiled in a category motion lawsuit. The go well with accuses them of complicity in a “fraudulent scheme” with FTX founder Sam Bankman-Fried, aimed toward deceiving unsophisticated buyers.

“I’m in a class action lawsuit, which I would love to be part of,” David informed the Associated Press. “Because part of my salary was in crypto—so I lost a lot of money.” It’s reported in a biography of Bankman-Fried by Michael Lewis that David was paid $10 million for the advert, however the fee methodology stays unconfirmed.

Legal proceedings in opposition to FTX proceed, recently the Third Circuit Court of Appeals in Philadelphia reversed a previous resolution, now requiring FTX to be investigated by an unbiased examiner. As for FTX’s founder and former CEO, Bankman-Fried has been convicted of a number of federal fraud and conspiracy costs, with sentencing scheduled for March.

Do you assume Larry David is culpable of any wrongdoing for partaking within the FTX Super Bowl advert? Share your ideas and opinions about this topic within the feedback part beneath.