Cryptocurrencies and NFTs, which seem to have a lot in common with Ponzi schemes, have had a rough week.

Photo by Art Rachen on Unsplash
Photo by Art Rachen on Unsplash
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It turns out, one of the biggest names in the business, WAS ACTUALLY A PONZI SCHEME!!

FTX, a Bahamas-based cryptocurrency exchange, famously collapsed last week. FTX reportedly lost $32 BILLION in valuation “overnight”, in what essentially amounts to the crypto version of a bank run.

Crypto Currency Exchange Binance Drops Plans To Aquire Rival FTX
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Crypto Exchange FTX Grapples With 'Liquidity Crunch' As Binance Deal Fades
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Now, a class action lawsuit has been filed that includes major celebrities like Steph Curry, Tom Brady, and Naomi Osaka. The suit claims that these stars duped people by endorsing, well…a Ponzi scheme.

It’s kind of like how the guy behind FireFest went to prison but a lot of the celebrity “influencers” also got heat for endorsing what ended up being a “Castaway” situation with stale cheese sandwiches. Kendall Jenner, who was paid $250,000 for a single post, had to pay back $90,000 so…justice?

Crypto Exchange FTX's Collapse Continues To Cause Fallout Throughout Industry
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Some of the FTX endorsers, though, got paid IN crypto so, in a way, they’re also kind of victims.

Another name in the class actions suits is Seinfeld and Curb Your Enthusiasm creator Larry David. I think that’s b.s. and here’s why:

Remember that Superbowl ad that Larry did where he hated all of these great human achievements like “the wheel” and “forks”? That was for FTX.

Did you catch that, though? Larry is telling people that FTX IS A BAD IDEA! Sure, the tagline is “Don’t be like Larry” but, literally, he is saying he doesn’t think it will work! Larry David actually PREDICTED the FTX collapse.

Sure, he got paid for it. But MAYBE that was one of his conditions. It would be SO Larry David for him to say, “I don’t understand this crap so the only way I’ll advertise it is if I can somehow tell people I DON’T endorse it. It’s a reverse-endorsement!”

Cue the theme music.

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