Elon Musk Praises Taylor Swift For Not Accepting $100M FTX Deal

Taylor Swift Diligently Researched FTX Before Partnership, Says Lawyer

Lawyer Adam Moskowitz has filed a $5 billion class action lawsuit against FTX’s celebrity endorsers, accusing them of promoting the sale of unregistered securities.

[{"selector":"#anim-9da827a9-3a16-4dee-bb80-d8e1325dffe9","keyframes":{"transform":["translate3d(-121.3793%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-73140762-81f7-4434-9800-c18c87c0935c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b2a46df-9b69-4877-9b85-b4ec733f4896","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Moskowitz claims that FTX's celebrity endorsers failed to conduct due diligence to determine whether they were breaking the law by promoting FTX.

[{"selector":"#anim-dbfac73b-6ce8-4de4-b358-ac18b04a1235","keyframes":{"transform":["translate3d(-120.06803%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bdb8415d-1a06-4f49-9c67-9b85ace25791","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-67441e40-80f9-483c-af6f-56ca449bb6ce","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-6b6f029e-c176-43f9-af4d-038e7f06cd41","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-14606c1f-6594-47b6-a331-8d5ee592a685","keyframes":{"transform":["translate3d(0px, 133.88388%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

According to Moskowitz, Taylor Swift reportedly asked if the securities were registered before entering into a partnership with FTX.

[{"selector":"#anim-b96b7a65-6ff4-475e-afa2-fe402863935b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d08a0a2e-fbe5-48bc-a2eb-1da425f71ee8","keyframes":{"transform":["translate3d(0px, 134.90777%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dd45e3b2-3b54-4246-ab2a-f63e32d84ece","keyframes":{"transform":["translate3d(-120.06803%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-babf96b7-aa4b-4e62-acf9-ddc2975e0b5c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1016d57e-1632-40a1-8e51-0dcc05c08758","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Swift's partnership with FTX never materialized, and Elon Musk tweeted that he was not surprised by her decision.

[{"selector":"#anim-fec3c9a3-59fa-4941-a2b7-9ca96e9f8932","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-365f1b7d-085b-4f7b-93c6-d0fdd42f94af","keyframes":{"transform":["translate3d(0px, 146.61500%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ee3c558b-a59a-41ea-a653-3ba30e7ee489","keyframes":{"transform":["translate3d(-120.40817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-10eab504-b08c-46cd-9f98-d56c9abf9322","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c859d3c9-c1d9-4f02-9ce5-a0300f6d8363","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Musk pointed out that Swift's father is a well-regarded investment banker, indicating that Swift likely understood the risks associated with FTX.

[{"selector":"#anim-576d4614-5f29-4bd1-b92f-f45f834d536a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8ec30c10-8c3e-429d-a62b-30d700f411da","keyframes":{"transform":["translate3d(0px, 130.24691%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d9bc0c2f-5582-442b-9899-0af986952550","keyframes":{"transform":["translate3d(-118.66666%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9477f2cd-945a-45c1-95c0-7e3b96c65987","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e99d6152-4bc4-4453-8f87-82680367fa94","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Moskowitz is leading several class action lawsuits against the promoters of major cryptocurrency companies, including FTX and Voyager Digital

[{"selector":"#anim-722bd5da-b99e-4a2f-a774-7a32cc9a0b46","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-77ee7e8a-07c1-4725-91fc-4954f1a5de72","keyframes":{"transform":["translate3d(0px, 283.14007%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0359a85e-7d90-4728-b4a8-f6c5ac0e4d8d","keyframes":{"transform":["translate3d(-116.82848%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8bf2f4c2-45fa-4ac5-b564-57f10c3e657e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d518f865-a3d0-4b16-990f-a7e49cf5151d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Moskowitz's law firm also filed a class action against influencers who promoted Binance, the world’s largest crypto exchange, in March.

[{"selector":"#anim-6e8823ef-e5b7-4b4d-9e08-478ff479339a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7f6b20fa-2e08-4589-82e0-5a0d33d6ae2e","keyframes":{"transform":["translate3d(0px, 148.20106%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-987a1786-be0c-4e84-8158-6e5ed7276206","keyframes":{"transform":["translate3d(-120.40817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-55baa7e9-9aa5-44ee-876d-0bd24ef11e59","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-275f2159-4ac6-4826-b011-4d26047036a5","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-dc2ef53e-a38d-43c6-b980-a7ffedab877a","keyframes":{"transform":["translate3d(225.00002%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-29f1ff84-6b08-4f5b-9dee-5068435e1ff0","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] Swipe up for more stories...