Larry David Reflects on FTX Ad Before the Exchange's Crash

FTX and the Wheel of Fortune

Larry David, known for his humor, recently discussed his role in an FTX cryptocurrency commercial that aired during the Super Bowl, prior to the exchange's collapse. Seeking advice from knowledgeable friends, David was assured that participating was a smart choice. Unfortunately, the decision didn't play out well, as FTX's downfall months later led to a spectacular implosion.

A Sardonic Prophecy

In the ad, David skeptically dismisses numerous inventions, including the wheel, only to culminate in doubting FTX's reliability. Ironically, his humorous cynicism proved prophetic when FTX faced a severe crisis. The breakdown of the crypto exchange followed allegations of misused customer funds by Sam Bankman-Fried, leading to his conviction in November 2023.

The Aftermath for Customers and David

The FTX fiasco left countless users unable to access their funds, with the situation worsening following a revelatory CoinDesk article. Now, amidst bankruptcy proceedings, there's hope for customers to recover their losses. Larry David's personal outcome remains uncertain, as part of his earnings from the ad was paid in cryptocurrency, resulting in significant personal financial losses.