'I don’t know how much money I’ve turned down' — Crypto influencers have become much more wary about potential endorsement deals since the collapse of FTX.
Crypto influencers are taking an extra cautious approach to endorsement deals since the collapse of crypto exchange FTX last year, which has seen several celebrities hit with a lawsuit for their alleged role in its promotion.“FTX crypto fraud without disclosing compensation.”
For crypto vlogger Tiffany Fong, who gained fame by interviewing former FTX CEO Sam Bankman-Fried after the collapse, endorsing crypto firms on her social media isn’t of interest to her at the moment.“Since so many once reputable companies have collapsed, I don’t want to promote anything that could potentially rug customers,” Fong told Cointelegraph.
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