- New story states it was SBF who withdrew his agreement with Taylor Swift.
- If this claim is true then it looks like the imposter did himself a huge favor.
- Taylor Swift’s reputation is forevermore safe in the hands of Swifties worldwide.
- FTX falling after a Taylor Swift Era’s Tour sponsorship agreement would have been the end to SBF.
Taylor Swift’s story with crypto exchange FTX has gotten a new page as the narrative about their deal takes a different turn. It seems the brilliant lyricist and musician continues to bask in a protected light.
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Previously, Adam Moskowitz, the lawyer leading a class-action lawsuit against FTX, claimed that Swift backed out of a $100 million tour sponsorship deal due to red light concerns about unregistered securities.
In light of the New York Times report, it now mentions how it was FTX CEO Sam Bankman-Fried who ultimately withdrew from the agreement. Turns out SBF was not a lover of facing the wrath of a scorned Taylor and her dedicated fans.
Moskowitz clarifies that he was not aware of the details of Swift’s interaction with Bankman-Fried. Negotiations between Swift and FTX’s team reportedly lasted six months. During this time, both parties explored various promotional ideas. Finally, they settled on FTX sponsoring Swift’s Eras Tour, projected to be the first-ever billion-dollar grossing tour.
Swift’s father, Scott, a former Merrill Lynch employee with extensive experience in finance, likely influenced her decision-making process. Talks with FTX began in late 2021, with discussions even touching on the possibility of selling concert tickets as non-fungible tokens (NFTs). However, insiders indicated that some FTX executives found the deal to be too expensive from the start.
Looks like the blight of FTX and Bankman-Fried could not affect superstar Taylor Swift’s reputation. It seems the FTX team was not fearless enough to risk Taylor Swift’s overwhelming success. FTX’s decision seems to have saved both parties.
Without the deal, Swifties across the world are creating exceptional memories at the ongoing Era’s Tour. A tainted experience created by FTX’s bankruptcy would have resulted in a possible global mob against FTX and a lot of bad blood. Ultimately, the possible FTX and Taylor Swift partnership is now simply folklore to both her fans and the crypto community.
FTX faced bankruptcy in November, and Bankman-Fried is currently facing charges of cheating investors and misusing customer deposits. Three former FTX executives have pleaded guilty to fraud charges and are cooperating with investigators.
Moskowitz’s lawsuit seeks damages from Bankman-Fried, as well as other celebrities who endorsed FTX. These include David, the creator of Seinfeld and Curb Your Enthusiasm, and the Golden State Warriors basketball team. Both the celebrities and the Warriors have denied causing any investor losses in court documents filed in April.
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