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Larry David Expresses Regret Over FTX Ad Amid Founder’s Fraud Conviction

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The popular actor and comedian Larry David has expressed remorse over participating in a high-profile 2022 Super Bowl commercial for the now-fallen cryptocurrency exchange FTX.

Notably, Sam Bankman Fried, the FTX founder, was imprisoned after he was found guilty of fraud, conspiracy, and money laundering last year.

Larry David Reflects on FTX Ad Regret

Speaking to The Associated Press at the Los Angeles premiere of the final season of “Curb Your Enthusiasm,” a series he created and stars in, David recounted seeking advice from knowledgeable friends before agreeing to the advertisement.

Despite assurances that it was legitimate, David now reflects on his decision with disappointment, highlighting his participation in the ad that humorously showcased him dismissing significant historical inventions, only to evaluate FTX as “the next big thing skeptically.”

The commercial was directed by Jeff Schaffer, a longtime colleague of David’s known for producing episodes of Seinfeld and Curb Your Enthusiasm and creating The League. In a New York Times profile, Schaffer admitted to having no knowledge about cryptocurrency, further highlighting the unique and somewhat unfamiliar nature of the subject matter explored in the ad.

The commercial has led to a proposed class-action lawsuit, implicating David, former FTX CEO Sam Bankman-Fried, and other celebrities like NFL quarterback Tom Brady and supermodel Gisele Bundchen for their roles in promoting FTX.  The legal action accuses them of contributing to the financial losses of investors caught in the exchange’s abrupt downfall.

David, who revealed part of his compensation was in cryptocurrency, thus suffering personal financial losses, expressed his interest in joining the lawsuit. In April 2023, legal documents revealed that David and the other celebrities sought dismissal of the case, arguing they were not responsible for the investors’ losses.

SBF’s Conviction in Historic Fraud Case

Bankman-Fried was convicted on multiple charges related to one of the largest fraud cases in American history, with each of the seven counts of fraud, conspiracy, and money laundering potentially resulting in a maximum of 20 years in prison.

Additionally, he faced convictions for conspiracy to commit commodities fraud and conspiracy to commit securities fraud, each of which could add a maximum of five years to his sentence.

Damian Williams, the U.S. Attorney for the Southern District of New York, emphasized the magnitude of Bankman-Fried’s actions during a news briefing after the verdict. Williams pointed out that while the cryptocurrency industry and its key players, including SBF, might represent a new frontier, the nature of the fraud and corruption he engaged in is a tale as old as time.

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Memereum Surpasses $2M in Presale, Showcases Blockchain Insurance, as Ethereum Holds at $1,900

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[PRESS RELEASE – Monaco City, Monaco, March 14th, 2025]

The cryptocurrency market continues to expand with projects aimed at addressing evolving challenges. Memereum has surpassed $2 million in its token presale, indicating investor interest in blockchain-based financial models that integrate yield mechanisms with protective features. Meanwhile, Ethereum remains stable around the $1,900 mark, underscoring its position as a leading blockchain platform.

Memereum’s $2M+ Presale

Memereum’s presale achievement underscores a growing appetite for DeFi services that incorporate proactive risk management. Participants are drawn to the project’s promise of user safeguards, including a unique insurance mechanism. This emphasis on transparency and security has helped Memereum quickly gain traction, showcasing how a robust community and clear utility can attract funding even in competitive market conditions.

Blockchain Insurance Innovation

A key draw for Memereum is its on-chain insurance mechanism, which targets vulnerabilities like rug pulls, hacks, and rapid price fluctuations. By automating premium payments and claims through smart contracts, the platform reduces the complexity and potential bias often associated with traditional insurance. This model may support broader adoption as DeFi users explore mechanisms to enhance asset security while maintaining the efficiency of decentralized trading.

Ethereum at $1,900

While newer projects like Memereum continue to make strides, Ethereum has demonstrated resilience at around $1,900. Analysts attribute this steadiness to a mix of institutional interest, developer engagement, and the network’s ongoing improvements in scalability. As the backbone for many DeFi applications, Ethereum’s consistent performance can further bolster confidence in emerging platforms built on top of it.

Memereum’s Future & How to Join the Presale

Looking ahead, Memereum’s insurance-driven approach may set the stage for more robust risk-mitigation practices across DeFi. As Ethereum continues to anchor the broader ecosystem, projects that prioritize user safeguards stand to gain further adoption.

If you are interested in exploring Memereum’s potential or wish to join the presale, now is an opportune moment to become part of a venture shaping next-generation DeFi security. By integrating real-world insurance concepts with on-chain capabilities, Memereum aims to redefine the DeFi landscape for a broader and more risk-conscious audience.

About Memereum

Memereum focuses on providing a safer DeFi environment by offering an integrated insurance option for various assets. Its tokenomics revolve around a deflationary model, staking incentives, and community governance. By blending these elements, Memereum seeks to expand beyond typical yield protocols, emphasizing user protection and tangible utility for both newcomers and experienced crypto enthusiasts.

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Solaxy Presale Races Past $26M as Analyst Expects it to Pump After Launch

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Layer-2 project Solaxy just reached a major milestone – it has raised $26 million before its official launch.

And with one analyst expecting high potential returns for early investors, the buzz around Solaxy (SOLX) is reaching new highs.

Solaxy Aims to Fix Solana as Analyst Expects High Potential for SOLX

Solaxy aims to take the Solana blockchain to the next level.

It’s designed to supercharge Solana by tackling the key issues that sometimes slow it down – network congestion, failed transactions, and scalability limitations.

Basically, Solaxy wants to make Solana faster, smoother, and cheaper.

And this vision hasn’t gone unnoticed.

Umar Khan, an analyst for 99Bitcoins (a popular crypto analysis channel with 700K+ subscribers), recently discussed Solaxy in a video.

He didn’t mince his words – Khan said Solaxy could have major potential after it goes live.

Khan pointed to the project’s high staking rewards and the fact that it’s tackling real problems in Solana’s ecosystem.

He sees this as a strong signal of potential, and a project worth paying attention to.

As he put it, “if you believe in Solana, you are going to love this.”

But Khan isn’t the only crypto analyst hyped about Solaxy – fellow expert ClayBro also said SOLX could “lead the way” in the next bull cycle.

SOLX Token Presale Heats Up with Over $26M Raised

Currently, Solaxy is still in its presale phase, going from strength to strength.

It’s raised $26.2 million at the time of writing, with over $100,000 pouring in daily.

That’s a clear sign of just how much interest the crypto community has in Solaxy.

The current SOLX price is $0.001662, but it will rise every few days, rewarding the earliest investors.

Think of it like early-bird pricing: you get in at a much lower cost.

For those interested, SOLX can be secured through the official website or via the Best Wallet mobile app.

Once the presale wraps up, there will be a Token Generation Event (TGE), after which investors can claim their SOLX.

Solaxy’s Telegram and X (Twitter) communities have been blowing up as the presale unfolds.

There’s lots of talk about a potential price explosion once SOLX hits a DEX.

This often happens with presale projects – more accessibility and visibility can drive up demand, and with it, the price.

Early investors are hopeful this will be the case with Solaxy.

Examining the SOLX Audit, Tokenomics, and Potential

Solaxy team has had SOLX audited by Coinsult, a highly respected blockchain security firm.

That’s a good sign, as it shows they’re committed to transparency and building trust.

Beyond the audit, the project’s tokenomics are also well-structured.

Of the 138 billion SOLX tokens, 25% are set aside for rewards, 30% for development, 15% for marketing, 10% for exchange liquidity, and 20% for the project’s treasury.

So, what does the future hold?

It’s too early to tell if Solaxy will be a success, but if it delivers on its promises – fixing Solana’s congestion issues – it could attract a lot of users, especially developers building dApps.

The planned launch on DEXs and CEXs will increase access, potentially creating more demand.

All signs point to a bright future for Solaxy.

It’s a project that’s on a lot of watchlists heading into Q2 2025.

Visit Solaxy Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

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These Large Cap Altcoins Are Rebounding Following the Crash, According to Santiment

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The crypto market has struggled for eight weeks, causing retail investors to leave the industry or their assets until general sentiments improve. While most assets are in the red, the on-chain intelligence platform Santiment has found signs that some alternative cryptocurrencies are rebounding.

According to a report from the firm, altcoins with large capitalizations like Ripple (XRP), Binance Coin (BNB), Tron (TRON), and Stellar (XLM) have been quietly gaining momentum and even price dominance on bitcoin (BTC).

Altcoins Rebound Amid the Dip

Examining the on-chain activities of crypto projects, Santiment discovered that some are seeing surges in their network utility, active address count, whale activity, exchange inflows/outflows, and social sentiment. This can also be seen in Santiment’s Activity Matrix, which provides data for 114 of crypto’s most well-known assets in eight categories over a three-month range.

Santiment said the Activity Matrix indicates some projects have the potential to turn their fates around in the near future. The firm noted that most assets would see their lowest network activity in a year because retail traders could be waiting for market sentiment to improve before returning to their positions. Some assets witnessing this include Pepe (PEPE), Chainlink (LINK), and Shiba Inu (SHIB).

“Well, unfortunately, the price trend is more likely to continue for these projects than others. Ideally, during a market-wide price downturn, we see sudden pick-ups in whale transactions (indicating accumulation from them) or network growth (indicating upcoming on-chain transaction increases),” Santiment explained.

Positive Network Metrics

Santiment’s analysis found top candidates for each category in the Activity Matrix, including Dogecoin (DOGE), Pax Gold (PAXG), Magic Token (MAGIC), Audius (AUDIO), Uma (UMA), Joe (JOE), and Threshold (T).

DOGE is experiencing the highest rise in address activity. This means there is a rising amount of unique addresses interacting on the coin’s network, with an increasing number of individuals on the sending or receiving side of transactions.

For the highest network growth, Santiment highlighted PAXG as the top candidate, indicating that the network has more opportunities for rising utility in the future. Magic Token is seeing the highest number of transactions surpassing $100,000 in value. This shows that major stakeholders are taking an increasing interest in MAGIC.

Furthermore, Audius is seeing the highest rise in positive sentiment across crypto communities, while Uma is dominating discussions on social media platforms. PAXG emerged as another top candidate for exchange outflows, while Joe and Threshold are the top Mean Dollar Invested Age and Age Consumed risers, respectively.

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