The cryptocurrency alternate FTX filed for Chapter 11 chapter final week after allegations of mishandling billions in buyers’ funds. Now one of many buyers, Edwin Garrison, has filed a proposed class-action lawsuit on behalf of all of FTX’s clients. The chapter submitting signifies there are greater than 100,000 of them, and together with FTX and its founder, Sam Bankman-Fried, the go well with additionally names gamers like Curry, considered one of FTX’s “ambassadors.”
The checklist of ambassadors contains Tom Brady, his estranged spouse Gisele Bundchen, Shaquille O’Neal, tennis champ Naomi Osaka, the Angels’ Shohei Ohtani, David “Big Papi” Ortiz, Jaguars QB Trevor Lawrence and the Heat’s Udonis Haslem. According to the lawsuit, FTX used “some of the biggest names in sports and entertainment —like these Defendants — to raise funds and drive American consumers to invest.” The goal was “to facilitate the sales of (FTX accounts) to unsuspecting and unwitting retail consumers.”
Apart from the person ambassadors, the go well with additionally names the Golden State Warriors as a defendant. The Warriors signed an eight-figure deal making FTX their “official cryptocurrency platform” and offered NFTs on the alternate. Unsurprisingly, the crew has paused all FTX promotions and eliminated its logos and commercials from the Chase Center.
As if the Warriors and Curry did not have sufficient issues with their 6-9 begin, now they’re in authorized hassle as nicely. Let’s hope that their protection in a courtroom of legislation is healthier than their protection on the basketball courtroom.
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