Matt Damon started touting crypto investing when Bitcoin was worth twice as much as it is now. Mike Tyson’s NFTs have plunged more than 90% since he introduced his collection. And investors who allege they lost millions on a pump-and-dump scheme are suing Paul Pierce.
Months into a rout for crypto assets, the full extent of the financial pain suffered by millions of everyday Americans is still being calculated. What’s clear, though, is that scores of celebrities touted the life-changing power of crypto investing at the worst possible time — just as the speculative mania was approaching its peak. The entreaties to get involved in the space came in multiple forms — everything from big-budget TV ads trumpeting particular exchanges to cryptic tweets touting obscure tokens.
Celebrities from various walks of fame, including tennis, reality TV, basketball and comedy, have got in on the action. Here’s a curated list of some of the promoters, the losses since then, and what they’ve said recently. They don’t talk much about the ads now. When contacted by Bloomberg News, only one, the singer Nick Carter, provided comment for this story.
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