Taylor Swift had agreed to a partnership with FTX, but the cryptocurrency exchange backed out

Taylor Swift had reportedly agreed to a sponsorship deal with the bankrupt cryptocurrency exchange FTX after extensive discussions, according to a knowledgeable source who spoke to CNBC. However, FTX executives later chose not to move forward with the agreement. This development contradicts the public narrative that praised Swift for her diligent inquiry and revealed that she had inquired about the exchange’s classification of listed assets as unregistered securities.

Despite this, the source informed CNBC that Swift did agree to the deal and even sent a signed agreement to FTX founder Sam Taylor Swift had reportedly agreed to a sponsorship deal with the bankrupt cryptocurrency exchange FTX after extensive discussions, according to a knowledgeable source who spoke to CNBC. However, FTX executives later chose not to move forward with the agreement. This development contradicts the public narrative that praised Swift for her diligent inquiry and revealed that she had inquired about the exchange’s classification of listed assets as unregistered securities.

Three additional sources, known to The New York Times, confirmed that Swift’s team signed the agreement with FTX after six months of negotiations. However, Bankman-Fried ultimately chose not to move forward.

The CNBC source requested anonymity due to ongoing federal and bankruptcy proceedings. The Financial Times initially reported on the FTX-Swift partnership.

In November 2022, FTX sought bankruptcy protection, and its founder, Sam Bankman-Fried, is now confronting numerous federal charges, such as fraud and campaign finance violations. Additionally, three other FTX executives, namely Gary Wang, Caroline Ellison, and Nishad Singh, have admitted guilt regarding various federal charges and are collaborating with the government’s efforts to prosecute Bankman-Fried.

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