Investors have filed a lawsuit against FTX celeb endorsers like Tom Brady, Steph Curry, and Larry David

Tom Brady.
Investors have filed a lawsuit against celebs who promoted the defunct crypto exchange FTX.
FTX has flamed out in dramatic fashion, declaring bankruptcy on Friday.
The suit names celebs who range from sports stars like Tom Brady and Steph Curry to Larry David.

Investors have filed a lawsuit against celeb endorsers who once hawked FTX in the wake of the crypto exchange’s sudden collapse.

The proposed class action names FTX founder Sam Bankman-Fried, as well as celebs who were paid to promote the company, including sports stars like Tom Brady, Steph Curry, and David Ortiz, as well as Hollywood heavyweight Larry David and “Shark Tank’s” Kevin O’Leary.

The lawsuit claims that the defendants “made numerous misrepresentations and omissions … in order to induce confidence and to drive consumers to invest in what was ultimately a Ponzi scheme.”

The suit was filed on Tuesday in Miami, The Washington Post reported.

FTX, which filed for bankruptcy on Friday, had invested millions in…

Continue Reading →

This article was written by [email protected] (Nathan McAlone) and originally published on www.businessinsider.com