Larry David is speaking out years after appearing in FTX’s Super Bowl commercial. The comedian in the commercial encouraged people not to miss an opportunity in the crypto space and to use the crypto exchange FTX. Now, months after FTX’s collapse, he has revealed that he himself lost a lot of money in cryptocurrencies.
David was unfamiliar with crypto
After the 2023 Super Bowl, comedy master Larry David made his voice heard. His FTX advertising didn’t turn out particularly well, he said. David says he made the decision “like an idiot.”
The FTX Super Bowl commercial is a collaboration between cryptocurrency exchange FTX and legendary comedian Larry David. The commercial featured David in his usual clumsiness to help the general public understand the complexities of crypto.
Larry David’s self-deprecating humor and dry humor were essential in the commercial as he hilariously tackled crypto terminology. The aim of the advertisement appeared to be to reduce fear of cryptocurrencies and make them more accessible to a wider audience.
In an interview, Larry David admits that he made the decision to do the FTX commercial “like an idiot.” He explains that while he had some knowledge of crypto, he didn’t fully understand what he was getting into.
“I asked people, friends of mine, who were knowledgeable about this matter: ‘Should I do this ad?'” he says in an interview. “They said, ‘Yeah, that’s totally fine’…So I did it like an idiot.”
Lawsuit after FTX crash
The choice of Larry David as the face of this campaign was anything but remarkable. David is one of the most respected comedians in the United States. It was clear that FTX was using its comedic talents to shed light on the complex world of cryptocurrencies. This allowed FTX to emerge as an industry leader.
The Super Bowl commercial aired in February 2022. He urged viewers not to miss the crypto opportunity. Unfortunately for David, the situation got worse after the fall of FTX. For example, like other influencers, he is being prosecuted in court proceedings.
The lawsuit alleges that David and those involved “actively participated” in “offering and selling unregistered securities in the form of interest-bearing accounts.”
David states that the case does not benefit him: “Yes, I am part of a class action lawsuit that I would like to be a part of because part of my salary was in crypto, so I lost a lot of money,” he told David.
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