Before Sam Bankman-Fried's cryptocurrency exchange FTX collapsed spectacularly, it liked to adorn itself with celebrity faces. Stars such as football player Tom Brady, his wife, supermodel Gisele Bündchen, and comedian Larry David promoted the company.

Alexander Wulfers

Editor in the economy of the Frankfurter Allgemeine Sonntagszeitung.

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None of the stars recruited by FTX seem to have questioned the business model too closely – with one exception. Lawyer Adam Moskowitz, who is now suing the prominent advertisers for five billion dollars for misleading customers, chatted in a podcast this week. In his research, he found only one star who exercised the necessary caution: Taylor Swift. The singer, Moskowitz said, asked FTX about its products: "Can you assure me that these are not unregistered securities?"

Obviously, FTX couldn't do that. In any case, Swift did not let the company sponsor her tour after all. According to the Financial Times, FTX had offered her $100 million for it. Swift will be able to cope with it. Her current tour is estimated to bring in nearly $600 million from ticket sales, breaking Madonna's 2008 and 2009 record of $407 million.