Sam Bankman-Fried backed out of FTX sponsorship cope with Taylor Swift: Report

The sponsorship deal between defunct cryptocurrency trade FTX and Taylor Swift was reportedly referred to as off on the request of former CEO Sam Bankman-Fried (SBF), and never the singer-songwriter, as many stories have advised.

In response to a July 6 report from The New York Instances citing three people with data of the sponsorship deal, Bankman-Fried was the one liable for dropping a roughly $100 million settlement with Swift previous to FTX submitting for chapter. Swift’s group had reportedly signed the settlement after greater than six months of negotiations however was annoyed and disenchanted when SBF pulled the plug.

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