The drama surrounding the FTX collapse continues to unfold with a surprising twist. Sam Bankman-Fried, the crypto wunderkind turned convicted fraudster, has agreed to cooperate with investors suing the company’s celebrity endorsers, including sports stars Tom Brady and Shaquille O’Neal, and actor Larry David.
This move comes as a shock considering Bankman-Fried is currently appealing his 25-year prison sentence for defrauding FTX customers. The class-action lawsuit against the celebrity endorsers accuses them of deception and making false claims about the safety of FTX’s crypto assets. Investors believe Bankman-Fried’s insider knowledge can significantly strengthen their case.
Sam Bankman-Fried: Playing The Snitch Role
Bankman-Fried, once hailed as a crypto messiah, saw his empire crumble in November 2022 when FTX filed for bankruptcy. The exchange, which rose to prominence thanks in part to a star-studded marketing campaign featuring A-listers like Tom Brady and S
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