FTX's celebrity endorsements were a big red flag, says the family that put all its money into bitcoin

A Dutch family that poured all their money into bitcoin said FTX's celebrity endorsements were a big red flag about the now bankrupt crypto exchange. 

In an interview with CNBC, the father of the family Didi Taihuttu said something was "really off" about FTX, despite it being one of the largest centralized exchanges before blowing up in November, after suffering a severe liquidity crunch. 

Speaking about FTX, Taihuttu said: "Too many influencers were paid too much money to promote that one," adding that trustworthy crypto products and companies don't usually rely so heavily on endorsements.