Taylor Swift's $100 Million FTX Sponsorship Deal Controversy Explained.

Taylor Swift pulled out of a $100 million sponsorship deal with FTX because she was the only celebrity to question the crypto exchange's use of unregistered securities, according to the lawyer handling a class-action lawsuit against several FTX promoters. The lawsuit seeks over $5 billion from FTX's celebrity endorsers, including Shaquille O'Neal, Tom Brady, and Larry David, accusing them of promoting an unregistered security and seeking to recover damages for customers who lost money after FTX filed for bankruptcy last November.