Taylor Swift realized there was something fishy about FTX

Taylor Swift may be known for her catchy music and massive fan base, but it turns out she's also a smart investor who knows how to navigate potentially sketchy deals. According to recent reports, the singer was offered $100 million over three years by cryptocurrency exchange FTX to sponsor the platform in talks throughout 2021 and 2022. However, instead of blindly accepting the deal like other celebrity spokespeople did, Swift actually consulted with her lawyers to determine if the partnership could potentially lead to issues with unregistered securities.

David Moskowitz, a lawyer currently suing FTX and its celebrity promoters, spoke about Swift's wise decision-making in an interview. He noted that out of all the celebrities promoting FTX, Swift was the only one to do any due diligence before signing on. "The one person I found that [talked to their lawyers] was Taylor Swift. In our discovery, Taylor Swift actually asked them: 'Can you tell me that these are not unregistered securities?'," said Moskowitz.

It appears that FTX wasn't expecting this level of scrutiny from the pop star, as negotiations with Swift ultimately broke down when they couldn't reassure her that everything was aboveboard. This move is just another example of Swift being ahead of the game, as Moskowitz claims that her savvy decision helped her avoid getting caught up in the eventual downfall of FTX. After the scandal surrounding the company erupted, investors even filed a class-action lawsuit alleging that celebrity endorsers such as Tom Brady and Shaquille O'Neal had misled them by not disclosing potential issues with FTX earlier.

While other celebrities involved in the FTX promotion may face legal consequences, Swift seems to have dodged a bullet thanks to her foresight. It's no surprise that Twitter CEO Elon Musk weighed in on the matter, praising Swift for her intelligence and business acumen. "Taylor is smart and her father is a well-regarded investment banker," Musk tweeted in response to the situation.

Overall, Taylor Swift's handling of the FTX situation is a reminder that even established brands can have underlying issues that aren't immediately apparent. It pays to do your homework before entering into any major financial deals, and Swift's wisdom in this regard may have saved her a lot of headaches down the line. As cryptocurrency continues to grow in popularity, it's likely that more people will follow Swift's example and make sure they're not getting involved with unscrupulous companies or scams disguised as legitimate investments.