U.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including comedian Larry David, alleging they engaged in deceptive practices to sell FTX yield-bearing digital currency accounts.
The proposed class action filed late Tuesday night in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the U.S.
Attorneys including David Boies filed the lawsuit on behalf of Edwin Garrison, an Oklahoma resident who had an FTX yield-bearing account which he funded with crypto assets to earn interest, and others like him. The lawsuit seeks unspecified damages from Bankman-Fried and eleven athletes and celebrities who promoted FTX, including David, the creator of "Seinfeld" and "Curb Your Enthusiasm," who starred in a commercial for FTX that aired during the 2022 Super Bowl.
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