Celebrities Who Endorsed Crypto, NFTs Land in Legal Crosshairs After Investor Losses.
Prominent endorsers named as defendants in class-action lawsuits, while agents warn clients away from future deals.
Madonna sang the praises of nonfungible tokens, or NFTs, depicting cartoon portraits of bored apes. Tampa Bay Buccaneers quarterback Tom Brady appeared in commercials endorsing crypto exchange FTX, which
collapsed suddenly in November. And Kim Kardashian gushed about EMAX tokens on Instagram.
Now they and other celebrities are facing civil lawsuits from investors who suffered losses on virtual assets, as well as
scrutiny by regulators for allegedly duping the investing public.
