Report: FTX Execs Offered Taylor Swift $100M to Endorse the Exchange, Source Says Singer Never Considered the Deal
According to a report, the American singer-songwriter Taylor Swift was allegedly courted by FTX to promote the exchange. Sources say the deal was worth more than $100 million and it was reportedly pushed by the FTX executive Claire Watanabe. Award-Winning Singer Taylor Swift Was Allegedly Courted by FTX Executives
A report published by the Financial Times (FT) claims that FTX “held talks with Taylor Swift over $100mn sponsorship deal.” Swift is a famous American singer with a number of platinum-certified albums under her wing. Reportedly, the alleged Swift and FTX sponsorship deal stagnated and never materialized into anything.
FT sources say the deal between Swift and FTX was reportedly going to end this spring, however, FT also cites sources that claim: “Taylor would not, and did not, agree to an endorsement deal.” The sources further stressed to FT that “the discussion was around a potential tour sponsorship that did not happen.”
The report notes that FTX’s business development division lead Claire Watanabe was the one who pushed for the Swift sponsorship deal with FTX. Purportedly, a large quantity of FTX’s market staff were not pleased with the Swift sponsorship idea, and thought the deal to execute it was “extremely high” and “really f***ing outrageous.”
Another insider and FTX employee disclosed that FTX executives tried to get Swift to apply a “mild degree of endorsement” toward the now-defunct crypto exchange on her social media accounts. The source familiar with Swift’s dealings said that the award-winning singer never once considered endorsing FTX.
The sources that claim FTX courted Swift to endorse the exchange for more than $100 million follow the long list of celebrities that did endorse FTX. A large group of celebrities and athletes including Tom Brady, Gisele Bündchen, William Trevor Lawrence, Kevin O’Leary, Naomi Osaka, David Ortiz, Stephen Curry, Udonis Haslem, Shaquille O’Neal, Shohei Ohtani, and Lawrence Gene David have been named in a class-action lawsuit for allegedly misleading investors. Tags in this story Celebrities, Celebs, Courting, David Ortiz, Deal, endorsement, famous American singer, FT Report, FTX execs, FTX Taylor Swift, Gisele Bündchen, kevin o"leary, Naomi Osaka, report, Shaquille O’Neal, Shohei Ohtani, Social Media, Sponsorship, Stephen Curry, Taylor Swift, Taylor Swift FTX, Tom Brady, Udonis Haslem, William Trevor Lawrence
What do you think about the alleged talks between Taylor Swift and FTX before the crypto exchange imploded? Let us know what you think about this subject in the comments section below. Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Telegram Introduces No-SIM Sign-ups With Blockchain-Powered Numbers NEWS | 3 hours ago Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years NEWS | 7 hours ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleData Lake: DeSci the Future of Crypto after the FTX Fiasco? Next articleTelegram Introduces No-SIM Sign-ups With Blockchain-Powered Numbers Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItOman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)"s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Today"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse Iran to Increase Penalties for Unauthorized Cryptocurrency Mining