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US lawsuit launched against FTX founder and celebrity backers..

A class action lawsuit has been launched against FTX’s former chief executive Sam Bankman-Fried over the crypto exchange’s collapse which also names as defendants a host of its celebrity backers including Larry David, Naomi Osaka, Gisele Bündchen and Shaquille O’Neal.

Filed in Florida by class action attorney Adam Moskowitz, the case is one of the first to attempt to hold the sports stars and entertainers who promoted cryptocurrencies in the boom years responsible for their support.

As well as naming Bankman-Fried as a personal defendant, the case pulls in as co-defendants a host of names who it claims “either controlled, promoted, assisted in, [or] actively participated in FTX Trading”.

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echo from the past



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Chris Cwik
Thu, November 17, 2022 at 2:11 AM


Tampa Bay Buccaneers quarterback Tom Brady and a number of other big-name sports celebrities, including Stephen Curry and Naomi Osaka, were named as defendants in a class-action crypto lawsuit filed in Florida on Tuesday.

The class-action suit was filed against FTX founder Sam Bankman-Fried and a number of celebrities who endorsed FTX, a crypto trading company. In addition to Brady, Curry and Osaka, Shaquille O'Neal, David Ortiz, Shohei Ohtani, Trevor Lawrence and Udonis Haslem are all named as defendants. Brady's ex-wife and supermodel Gisele Bundchen, comedian Larry David and "Shark Tank" personality Kevin O'Leary are also named in the suit, as are the Golden State Warriors, a prominent partner of FTX.


https://sports.yahoo.com/tom-brady-steph...17155.html