July 24, 2024
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Crypto Influencers Exercise Caution Amidst the Fallout of FTX: A Wake-Up Call for Responsible Endorsements

In the aftermath of last year’s FTX collapse, crypto influencers have adopted a more cautious approach toward endorsement deals. The incident resulted in numerous celebrities facing lawsuits for their alleged involvement in promoting the now-infamous crypto exchange. A class-action lawsuit, amounting to $1 billion accused eight influencers of promoting “FTX crypto fraud without disclosing compensation.”

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