Why pop star Taylor Swift turned down a $100 million offer from FTX

American pop and country music star Taylor Swift has turned down a whopping $100 million offer from the FTX exchange. The reason for this is remarkable – unlike many other celebrities, the singer took a closer look and wondered if the offer was actually legal.

FTX: Why Taylor Swift turned down a $100 million offer

The FTX exchange, which went bankrupt last year and left many celebrities in a difficult position, had also caught the attention of Taylor Swift, who is one of the world’s highest-grossing artists with over 250 million records sold. But the famous musician was not so easily ripped off, as was recently revealed in a podcast .

According to Adam Moskowitz, an attorney who has filed a class action lawsuit against some celebrities, Swift, 33, is the only personality who has given it enough thought: “Of all the names that FTX has offered to sponsor, only one name has the necessary investigations made. She asked FTX, ‘Can you tell me what you’re selling isn’t unregistered investment contracts?’ And when she didn’t get a convincing answer, she didn’t take the deal…”

Brady, Curry and O’Neal didn’t do enough research

Moskowitz had filed a $5 billion lawsuit against Tom Brady, Stephen Curry and Shaquille O’Neal for allegedly not doing enough research before sponsoring FTX. It’s worth noting that in her discussions with FTX, Taylor Swift appears to have opened up not only about the sponsorship, but also the legal position.

In the fall of 2021, Swift was still in talks with the crypto exchange, but ended up rejecting the offer. However, Business Insider reported at the time that FTX employees complained that the agreement with Swift was too expensive and that they were not happy with the terms of the contract. Moskowitz contradicts these claims. 

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