A new report has corrected something that first surfaced in April surrounding Taylor Swift's dealings with Sam Bankman-Fried's collapsed crypto exchange FTX. Lawyer Adam Moskowitz, who is leading a class action lawsuit against celebrities who endorsed FTX, said in an interview that Swift backed out of a $100 million tour sponsorship deal with FTX after questioning cryptocurrencies' status as unregistered securities. This prompted a bunch of headlines congratulating Swift for sidestepping the financial mess that FTX became, many citing her father's career in finance as helping to guide her through the decision-making process. However, in a new feature, the New York Times reports that Swift did in fact sign a $100 million deal with Bankman-Fried only for him to back out, something that left her and her team frustrated and disappointed. Founder Sam Bankman-Fried has pleaded not guilty to charges that he cheated investors and looted customer deposits to make lavish real estate purchases, campaign contributions to politicians, and risky trades at Alameda Research, his cryptocurrency hedge fund trading firm.