'I'm never wrong,' quipped Larry David, but the FTX Fiasco tells a different tale

"I'm never wrong about this stuff, never," Larry David boasted during a Super Bowl ad for the FTX cryptocurrency exchange. But the now-defunct FTX tells a different story. It's a narrative of high-profile endorsements, consumers hoodwinked, and a class-action lawsuit that leaves the once confident celebrities facing a legal quagmire. As reported by Deadline in November 2022, David finds himself amongst the named defendants.

Known for rejecting advancements like electricity, coffee, and the U.S. Constitution in the well-received Super Bowl commercial, Larry David, along with other influential personalities like Tom Brady, Gisele Bundchen, and Stephen Curry, now face allegations of aiding the deceptive FTX platform.

The platform, now bankrupt, was once valued at over $32 billion, attracting consumers with the help of celebrity endorsements, convincing them to pour "billions of dollars into the deceptive FTX platform," according to the filed complaint.

But the FTX saga has not just been a disastrous investment for consumers, who have "collectively sustained over $11 billion dollars in damages," it has also brought about potential legal repercussions for the endorsing celebrities.

"The Deceptive FTX Platform maintained by the FTX Entities was truly a house of cards," stated the complaint, painting a picture of a Ponzi scheme shuffling customer funds to maintain the illusion of liquidity.

This ill-fated venture into the world of cryptocurrency has left Larry David and his fellow endorsers under the scrutiny of a class-action suit, a consequence they might not have anticipated when they entered the world of crypto advertising.

In the end, Larry David might have scoffed at the right things, but his dismissal of potential risks in endorsing FTX was clearly a misstep.

(Several parts of the text in this article, including the title, were generated with the help of an AI tool.)