Connect with us

Hi, what are you looking for?

buzznificentbuzznificent

Entertainment

Multiple Celebrities Linked to FTX Lawsuit

Tom Brady, Naomi Osaka, Larry David, and others facing scrutiny over promoting the service.

After stepping down as chair of FTX crypto exchange and the company filing for bankruptcy, Sam Bankman-Fried is embroiled in controversy. The collapse of FTX led to significant losses in cryptocurrency values and investors are seeking retribution from Bankman-Fried.

!function(n){if(!window.cnxps){window.cnxps={},window.cnxps.cmd=[];var t=n.createElement(‘iframe’);t.display=’none’,t.onload=function(){var n=t.contentWindow.document,c=n.createElement(‘script’);c.src=”https://cd.connatix.com/connatix.playspace.js”,c.setAttribute(‘async’,’1′),c.setAttribute(‘type’,’text/javascript’),n.body.appendChild(c)},n.head.appendChild(t)}}(document);
cnxps.cmd.push(function () {
cnxps({
playerId: getUrsCtxStoryPlayer() ,”customParam1″:getUrsPI(),”customParam2″:getUrsSTI(),”customParam3″:”ConnatixMain”,settings: {queryJsTargeting:{apsTargetingKey:getUrsTI().split(‘_’).slice(0,1).join(‘_’).toLowerCase()},advertising: {macros: {“CustomMacro1″:getUrsPI(),”CustomMacro2″:getUrsSTI(),”CustomMacro3″:”ConnatixMain”}}}
}).render(‘307852102563439fa7d193066a4208a5’,connatix_js_ready_callback);
});

A class-action lawsuit filed in Florida names Bankman-Fried as the primary defendant. The lawsuit alleges that Bankman-Fried’s promotion of FTX amounted to a ponzi scheme, targeting investors to enrich himself. FTX was accused of exploiting inexperienced investors nationwide using mobile apps for investments.

Aside from Bankman-Fried, several notable celebrities are also named in the lawsuit. Tom Brady, Naomi Osaka, Larry David, Shaquille O’Neal, David Ortiz, Shohei Ohtani, Trevor Lawrence, and Udonis Haslem were all associated with the FTX platform through endorsements on social media or commercial agreements.

The lawsuit seeks $11 billion in damages from FTX platform users, with the allocation between Bankman-Fried and the celebrity endorsers yet to be determined.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Entertainment

In 2009, renowned filmmaker James Cameron introduced the world to Avatar, a groundbreaking science-fiction movie that earned immense commercial success and became one of...

Entertainment

Adam Sandler, a seasoned actor known for his comedy, has also demonstrated his ability in more serious and dramatic roles. Following his performance in...

Entertainment

Last month, the filming of the movie “Being Mortal,” directed by Aziz Ansari and featuring Bill Murray and Seth Rogan, came to a halt...

Entertainment

Jon Stewart, a well-known television personality, was honored with the prestigious Mark Twain Prize for his successful career in television and stand-up comedy over...