Taylor Swift's Securities Concerns Halt $100 Million FTX Deal.

Taylor Swift avoided a $100 million sponsorship deal with FTX after asking if the crypto exchange was dealing with unregistered securities. Lawyer Adam Moskowitz, who is handling a class-action lawsuit against several FTX promoters, alleges that celebrities like Tom Brady and Shaquille O'Neal did not do their due diligence before endorsing FTX, which filed for bankruptcy last November. Moskowitz's lawsuit accuses the celebrities of promoting an unregistered security and seeks to recover damages for customers who lost money. FTX founder and CEO Sam Bankman-Fried was arrested in the Bahamas a month later and faces over 100 years in prison if found guilty of charges including securities fraud, money laundering, and bribery.