Sam Bankman-Fried, the creator of the failed cryptocurrency exchange FTX, has consented to join lawsuits aimed at celebrities for endorsing the now-defunct platform.
After most cryptocurrency users recently withdrew their opposition to Sam Bankman-Fried and focused their efforts instead on influencing FTX.
Based on the court decision, Bankman-Fried received a sentence of 25 years in prison following accusations that he defrauded both his clients and investors.
Under the terms of Bankman-Fried’s obligation to FTX investors, he is required to assist in the investigation of potential fraud perpetrators among famous endorsers, which includes individuals like Tom Brady, Shaquille O’Neal, Stephen Curry, and other notable figures.
The lawsuit claims that the celebrities misrepresented FTX’s safety and security, which helped lead to the platform’s collapse and ultimate bankruptcy.
Read More
- Silver Rate Forecast
- Gold Rate Forecast
- Grimguard Tactics tier list – Ranking the main classes
- USD CNY PREDICTION
- Gods & Demons codes (January 2025)
- Former SNL Star Reveals Surprising Comeback After 24 Years
- Maiden Academy tier list
- Superman: DCU Movie Has Already Broken 3 Box Office Records
- Honor of Kings returns for the 2025 Esports World Cup with a whopping $3 million prize pool
- PUBG Mobile heads back to Riyadh for EWC 2025
2024-04-24 01:56