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Consumer Law

Tom Brady Among Celebrities Listed in Class-Action Lawsuit Filed Against FTX

A class-action lawsuit filed Tuesday against the collapsed cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried names a host of celebrities, including football legend Tom Brady, comedian Larry David and basketball stars Shaquille O’Neal and Steph Curry.

The complaint was filed in the U.S. District Court in southern Florida by an FTX investor, Edwin Garrison, on behalf of other investors in the cryptocurrency exchange, whose owners are seeking bankruptcy and are liquidating the company.

The lawsuit seeks to make FTX, Bankman-Fried and the celebrities who promoted the cryptocurrency exchange “responsible for the many billions of dollars in damages” the former investors lost after the market collapsed this month through compensatory damages.

Read the source article at thehill.com

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