FTX's Bankman-Fried, Tom Brady and other celebrity promoters sued by crypto investors

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 99%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

U.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including NFL quarterback Tom Brady and comedian Larry David, claiming they engaged in deceptive practices to sell FTX yield-bearing digital currency accounts.

The proposed class action filed on Tuesday night in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the United States.

David starred in a commercial for FTX that aired during the 2022 Super Bowl in which he portrayed fictional characters dismissing important innovations throughout history and ended with the message "Don't Miss Out on Crypto." John J. Ray III, FTX's new chief executive who is not named as a defendant in the lawsuit, declined to comment on the allegations.

Investors and the U.S. Securities and Exchange Commission have previously gone after celebrities for deceptively touting cryptocurrencies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Biden ➡️ Ukraine ➡️ FTX ➡️ Democrats

What about WEF? 🤔They sure disassociated themselves real quick😅

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in COİN

Coin Coin Latest News, Coin Coin Headlines