Thoughts on Lawsuit Against YouTubers in Relation to FTX Sponsorship

Should the finance peeps suffer consequences for being sponsored by FTX?

Can someone truly throw their hands up after giving a bad recommendation? I truly don’t know because the answer is “it depends”.

Now, I don’t want everyone who’s given a bad recommendation (or received a questionable sponsorship) to end up in court, but I do concede some should. For this case in particular, I’m on the fence, and I believe crypto is entirely a sham.

Background

For those living under a rock, Future Exchanges (FTX) was one of the largest crypto exchanges. They experienced a bank run and ran out of money, some things never change. The creator/owner of FTX, Sam Bankman Fried, is now facing charges. Another side effect was crypto losing a ton of hype and many customers most likely never getting their money back.

Before the collapse, Sam Bankman Fried was a beloved figure who’s a charitable guy. He was funding political campaigns and being the first to help work with legislators for cryptocurrency. On top of that, he got a guy who throws the football very well to represent his company and many other influencers.