{"id":83327,"date":"2022-12-08T00:10:41","date_gmt":"2022-12-08T05:10:41","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=83327"},"modified":"2022-12-07T23:22:05","modified_gmt":"2022-12-08T04:22:05","slug":"sam-bankman-fried-lobbied-for-taylor-swift-deal-as-ftx-bled-cash-and-execs-urged-restraint","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2022\/sam-bankman-fried-lobbied-for-taylor-swift-deal-as-ftx-bled-cash-and-execs-urged-restraint.html","title":{"rendered":"Sam Bankman-Fried lobbied for Taylor Swift deal as FTX bled cash and execs urged restraint"},"content":{"rendered":"\n<p>(CNBC) Earlier this year, as the <a href=\"https:\/\/www.cnbc.com\/2022\/06\/30\/bitcoin-btc-on-track-for-its-worst-quarter-in-more-than-a-decade.html\">crypto meltdown<\/a> was draining the industry of liquidity, FTX executives were begging company founder Sam Bankman-Fried to preserve cash and stop spending hundreds of millions of dollars on celebrity endorsements. Three people close to FTX and Bankman-Fried told CNBC that the former CEO lobbied aggressively for a partnership with 11-time Grammy Award winner <a rel=\"noreferrer noopener\" href=\"https:\/\/www.grammy.com\/artists\/taylor-swift\/15450\" target=\"_blank\">Taylor Swift<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/12\/07\/sam-bankman-fried-lobbied-for-taylor-swift-deal-as-ftx-bled-cash.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Earlier this year, as the crypto meltdown was draining the industry of liquidity, FTX executives were begging company founder Sam Bankman-Fried to preserve cash and stop spending hundreds of millions of dollars on celebrity endorsements. Three people close to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83327","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=83327"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83327\/revisions"}],"predecessor-version":[{"id":83328,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83327\/revisions\/83328"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=83327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=83327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=83327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}