Celebrities endorsing cryptocurrencies face criticism for not properly warning of the risks
A Super Bowl ad for the FTX crypto exchange featured actor and comedian Larry David
It was one of several high-profile adverts featuring celebrity endorsements over the past year, broadcast amid record-breaking price rallies and billions of dollars pouring into the space from both institutional and retail investors. The capitulation was compounded last week after a leading cryptocurrency completely collapsed, wiping more than 99 per cent from its value.
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Investor who lost $2.3 million terrifies crypto founder’s home in alleged trespassingA man who claims to have lost up to 3 billion won (approximately $2.37 million) following the collapse of the cryptocurrency Luna has been questioned by South Korean police after allegedly trespassing into the apartment building of the cryptocurrency’s founder last week. Do Kwon, who is currently the chief executive officer of Singapore-based Terraform Labs, has reportedly been in touch with authorities after the alleged break-in. Just a month ago, the cryptocurrency peaked at $119.
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