American rapper Post Malone performs during the Rock in Rio music festival in Rio de Janeiro, Brazil, on Sept. 4, 2022. | Bruna Prado, Associated Press Celebrity endorsements have been a thing for years but a slew of appearances by A-list stars shilling relatively new cryptocurrencies and NFTs while the markets were roaring has come back around as values have tanked and disgruntled investors are seeking legal redress for feeling duped. Now, many of those celebrities, some of whom struck multimillion-dollar endorsement deals, are finding themselves involved in lawsuits as co-defendants alongside the companies that hoped to leverage star power to drive interest in their products. Federal regulators are also scrutinizing the promotional deals and, in some cases, issuing fines for disclosure failures. Lawsuits rope in movie stars, sports stars A group of investors in the failed cryptocurrency exchange FTX named a slew of star endorsers in an action filed in November 2022. They include Larry David, Tom Brady, Giselle<\/p>\n","protected":false},"excerpt":{"rendered":"
Tom Brady, Post Malone, Madonna and other A-list stars have been named in lawsuits from disgruntled crypto investors. Lack of clear rules when it comes to endorsing digital assets has<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[313,1],"tags":[],"class_list":["post-610716","post","type-post","status-publish","format-standard","hentry","category-crypto","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/610716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=610716"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/610716\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=610716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=610716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=610716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}