News and Analytics

The US court filed a lawsuit against the FTX star ambassadors

Nov 17, 2022
The US court filed a lawsuit against the FTX star ambassadors
0

The first lawsuit was filed in the US court against famous personalities who were seen advertising the FTX crypto exchange. The damage from their activities is estimated at $ 11 billion. The victim in court will be protected by law firms.

The document lists about 10 celebrities who may be involved in this case. Among them: football player Tom Brady and his wife, basketball stars Stephen Curry and Shaquille O'Neal, as well as the head of the stock exchange Sam Bankman-Fried. In the accusation column, the following is noted - support for the sale of unregistered securities to US citizens.

If the law firms can prove guilty, then the defendants are required to pay the complainant $11 billion. How this amount is distributed among the perpetrators is not known yet. 

It is worth noting that 2 years ago, Tom Brady and his wife entered into an advertising deal with FTX, received a share in the company and a fee in BTC currency. 

Experts note that the plaintiff has a high chance of receiving payments as a result of this case, since this case is not an isolated one. Previously, Kim Kardashian paid more than a million dollars for inappropriate advertising of the EthereumMax crypto project.

Comments

Latest news

SEC Faces Shakeup After Judge Blasts Lawyers in DEBT Box Suit

SEC Faces Shakeup After Judge Blasts Lawyers in DEBT Box Suit

Two lawyers from the Securities and Exchange Commission (SEC), Michael Welsh and Joseph Watkins, have stepped down from their roles after Robert Shelby, the Chief United States district judge of the U
Bitcoin ETF Outflows Hit $120M as BTC Price Slipped by $4K Daily

Bitcoin ETF Outflows Hit $120M as BTC Price Slipped by $4K Daily

After a few days of hovering above $66,000, bitcoin (BTC) has dropped to a low of $63,500 amid heightened volatility.Coincidentally (or not), the amount of outflows from the United States spot Bitcoi
DTX Exchange (DTX) Pre-Sale Becomes Center of Attention With DeFi Features as NEAR Protocol (NEAR) and PEPE Build Momentum

DTX Exchange (DTX) Pre-Sale Becomes Center of Attention With DeFi Features as NEAR Protocol (NEAR) and PEPE Build Momentum

As the bitcoin turns bullish, various altcoins in the crypto world also follow the same bullish patterns. Near Protocol and PEPE gain massive support in the prevalence of a strong buying sentiment.Ne
Important Ripple v. SEC Lawsuit Developments, Bitcoin (BTC) Volatility, and More: Bits Recap April 25

Important Ripple v. SEC Lawsuit Developments, Bitcoin (BTC) Volatility, and More: Bits Recap April 25

TL;DRBitcoin (BTC) rose significantly post-halving, hitting $67K, but recently dropped to $64,000. Future projections suggest a potential rise to $150,000 by end of 2024.Ripple is currently in a tr
Show more

Latest Dapp Articles

Show more

You may also like