FTX Founder Bankman-Fried to Aid Class-Action Lawsuit Against Celebrity Endorsers

Apr 22, 2024, 05:19 AM

Sam Bankman-Fried, the jailed founder of cryptocurrency exchange FTX, has agreed to cooperate in a class-action lawsuit targeting celebrity endorsers of FTX. The lawsuit, which includes celebrities such as Tom Brady, Gisele Bundchen, Larry David, Shaquille O'Neal, Stephen Curry, and Shohei Ohtani, seeks to hold them accountable for promoting the platform and potentially misleading FTX investors. This cooperation is part of a deal to settle civil liability claims against Bankman-Fried.