Comedian Larry David says he was ‘stupid’ to do FTX Super Bowl ad.

American comedian Larry David, co-creator of the TV series Seinfeld and Curb Your Enthusiasm, spoke about appearing in an ad spot promoting the failed cryptocurrency exchange FTX.

In an Associated Press interview released on January 31, David said he consulted with friends “who know a lot about this stuff” before agreeing to appear in a Super Bowl commercial promoting FTX. An ad aired during Super Bowl LVI in February 2022 encouraged millions of viewers to “not miss the next big thing,” and David turned down a series of vocal investments before making the same decision on crypto.

“So I did it like a fool,” David said.

The comedian said he “lost a lot of money” after doing the spot advertising that part of his salary was in the crypt. He hinted at some of the class-action lawsuits he's faced with other celebrities promoting FTX. In those cases, the plaintiffs allege that David did not exercise due diligence on the exchange before agreeing to promote FTX.

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FTX filed for bankruptcy in November 2022, nearly nine months after David's advertising position was released. Former CEO Sam Bankman-Fried was arrested, indicted and convicted on multiple criminal charges related to misappropriation between the exchange and Alameda Research. He is scheduled to be sentenced in March.

Super Bowl LVIII, scheduled for Feb. 11 between the San Francisco 49ers and the Kansas City Chiefs, is expected to draw a large audience in part due to the presence of singer-songwriter Taylor Swift, who plays boyfriend Travis Kelce. A tight end for the bosses. In the year Following the collapse of FTX and other companies in 2023, Crypto ads were missing from Super Bowl LVII. It's unclear if any companies are planning to release ads for the big game in 2024.

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