Report: Taylor Swift did due diligence, declined to sign $100 million FTX sponsorship deal

Swift was one of the few celebrities who did their homework before taking money from the company, class action attorney Adam Moskowitz told The Block.

April 19, 2023
Report: Taylor Swift did due diligence, declined to sign $100 million FTX sponsorship deal Dimitrios Kambouris / Getty Images

Adam Moskowitz — the attorney in charge of a class action lawsuit brought against FTX promoters including Shaquille O’Neal, Tom Brady, and Larry David — says Taylor Swift was one of only several celebrities who did their due diligence before agreeing to promote the disgraced cryptocurrency exchange. On a new episode of The Scoop, a podcast from the crypto-focused online publication The Block, Moskowitz recalls his surprise at how many hugely popular figures hadn’t checked in with their own lawyers before signing massive contracts with the shady firm. Swift, he says, was one of just a few who did.

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“The one person I found that did that was Taylor Swift,” Moskowitz told The Scoop’s host Frank Chaparro and The Block’s policy reporter Stephanie Murray. “In our discovery, Taylor Swift actually asked them, ‘Can you tell me that these are not unregistered securities?’”

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In December, shortly after FTX’s ignominious collapse, Financial Times reported that Taylor’s team had been in talks with FTX over a proposed $100 million sponsorship deal, writing that the negotiations had simply fizzled out a few months before the company went bankrupt. The FADER has reached out to a representative of Swift for further comment on Moskowitz’s new revelation.

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In other Taylor news, Swifties have found a new target for their perpetually misdirected ire. This time around, it’s Emma Laird, a Scottish actor who happens to be co-starring in a forthcoming film with Taylor’s ex, Joe Alwyn. As Buzzfeed News reports, Laird posted an Instagram carousel featuring a slide in which Alwyn is pictured riding a Lime scooter. Stans took issue with this due, of course, to Taylor’s public feud with record executive Scooter Braun over the fate of her masters after his acquisition of her former label Big Machine in 2020. The fans then targeted Laird with abuse for sharing the image.

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“Lady I hope youre not proud for being the other woman to a boring poor man,” one Instagram user wrote in response to Laird’s post, according to screenshots captured by Buzzfeed. “Damn he didn’t even wait for the grave to settle,” another added.

“What hypocrisy @joe.alwyn forbade Taylor to appear in the media, out of envy,” a third commenter complained. “And now it’s their landing in a photo. I’m glad you’re not with her anymore. You were terrible for her. You poor unemployed.”

“Read the room omg Swifties are coming for you,” wrote a fourth. After about an hour of abuse, Laird finally disabled comments on her post, but Swift’s fanbase flooded the rest of her IG feed and other socials with a vengeance reserved only for mortal enemies and potential new partners of popular singers’ old boyfriends.

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Report: Taylor Swift did due diligence, declined to sign $100 million FTX sponsorship deal