These 10 Celebrities were Caught Investing in and Endorsing Disastrous Crypto Assets

Sep 09, 2023

By: Sunayna Kanjilal

1. Matt Damon

Crypto Volatility Doesn't Fail to Scare Even The Wealthiest!

2. Tom Brady

The crypto market is known to be dangerously volatile and even wealthy celebrities who are backed by investment advisors are vulnerable to the unpredictability of the cryptocurrency market. You may be surprised to know that there are many celebrities whose inv...

3. Matt James

The actor who is best known for his roles in movies like, "Good Will Hunting" appeared in an ad during NFL games that drew a lot of attention, mainly because of how Damon was suggesting buying crypto and implying that only cowards will shy away from ...

4. Mike Tyson

The famous footballer and a seven-time Super Bowl winner revealed that he was partnering with a crypto exchange with the tagline, "I’m getting into crypto with FTX. You in?" However, fans were quick to point out that the crypto market has only pl...

5. Reese Witherspoon

Matt James teamed up with BlockFi, a crypto company back in 2021 and often talked about crypto in interviews and tweets. Since then, the company has been in trouble but survived after an expanded credit line and Investors have been struggling with a 30% pr...

6. French Montana

The famous boxer revealed his own NFT collection in August 2021, which included two tokens, one in which the whole infamous ear-biting incident was depicted and the other in which he kissed one of his racing pigeons. Since then the value of these NFTs has drop...

7. Nick Carter

"The Morning Show" and "Sweet Home Alabama" Star Reese Witherspoon started tweeting about crypto back in 2021. Her production company, "Hello Sunshine formed a partnership with the World of Women NFT collective. Since the announcement,...

8. Paul Pierce

He launched a sneaker collection in the form of NFTs but they came alongside real-life, physical versions. "Hold on to your pair and watch the value go up," he wrote on Instagram at the time of the launch. However, that didn't happen and instead...

9. Mark Cuban

The famous singer and a member of the boyband "The Backstreet Boys" praised the SafeMoon token back in 2021 and said that he'd been "Nerding out on crypto for years now." Unfortunately, the value of the token has since plummeted by an ...

10. Kim Kardashian

The NBA star was actually fined $1.4 million for promoting Emax cryptocurrency without disclosing that he was being compensated for it. The currency has suffered a complete wipeout since then.