A group of FTX investors and customers has agreed to drop their claims against co-founder Sam Bankman-Fried in exchange for his cooperation against other defendants, such as celebrity endorsers.
A group of FTX investors and customers has agreed to drop their claims against co-founder Sam Bankman-Fried in exchange for his cooperation against other defendants in a sprawling set of lawsuits over the cryptocurrency exchange’s collapse.
They have already begun handing over information to help the plaintiffs’ case, according to the court filing. That list of defendants is long after several lawsuits filed in the wake of the FTX meltdown were consolidated into one case in Miami. A lawyer for Bundchen, O’Neal and Brady didn’t immediately respond to a request for comment on the settlement.When FTX was flush, Bankman-Fried spent heavily on endorsements to elevate the profile of his crypto empire using the fame of athletes and other stars.
Crypto Crypto Exchanges FTX Gary Wang Gisele Bundchen Nishad Singh Ponzi Scheme Sam Bankman-Fried (SBF) Shaquille O’Neal Tom Brady Trevor Lawrence Cryptocurrency
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