Affected investors of FTX Derivatives Exchange have moved to drop some of the claims levied against Sam Bankman-Fried, the former CEO of the trading platform, a move that has a condition attached to it.
Celebrities Implicated In the FTX Case
This group of investors filed a settlement on Friday in a federal court in Miami, requesting that the 32-year-old embattled entrepreneur cooperate with them against other defendants in a sprawling set of lawsuits over the FTX exchange’s collapse. These other defendants include celebrities, financiers, social media influencers, and others who promoted FTX, causing the investors to lose billions of dollars.
Sports stars Tom Brady, Shaquille O’Neal, Stephen Curry, and Naomi Osaka and model Gisele Bundchen would likely be implicated in this settlement. These celebrities were accused of getting paid to endorse the exchange before it imploded and filed for bankruptcy. As of last year, FTX’s new set of financial advisors attempted to recover the
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