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Taylor Swift signed $100 million FTX deal only for Sam Bankman-Fried to pull out, report says

Jul 07, 2023 · 1 min read · 685 points
Taylor Swift signed $100 million FTX deal only for Sam Bankman-Fried to pull out, report says
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A new report has corrected a narrative that first surfaced in April surrounding superstar singer Taylor Swift’s dealings with Sam Bankman-Fried’s collapsed crypto exchange FTX.

Highlights

  • A new report has corrected a narrative that first surfaced in April surrounding superstar singer Taylor Swift’s dealings with Sam Bankman-Fried’s collapsed crypto exchange FTX.
  • Lawyer Adam Moskowitz, who is leading a class action lawsuit against celebrities who endorsed FTX, said in an interview in the Spring that Swift backed out of a $100 million tour sponsorship deal with FTX after questioning cryptocurrencies’ status as unregistered securities.
  • However, in a new feature, the New York Times reports that the Bad Blood singer did in fact sign a deal only for him to back out, something that left her and her team ‘frustrated and disappointed’

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