FTX and its former CEO, Sam Bankman-Fried, were sued over claims the platform targeted “unsophisticated investors” using celebrity endorsers including Tom Brady, Gisele Bundchen, Shaquille O’Neal, …
The Golden State Warriors and star Stephen Curry are named among a list of other high-profile backers in a class-action lawsuit filed this week following the swift collapse of cryptocurrency firm FTX, which filed for bankruptcy last week.
“FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors from across the country, who utilize mobile apps to make their investments,” Oklahoma resident Edwin Garrison said in a complaint filed Tuesday in federal court in South Florida. “As a result, American consumers collectively sustained over $11 billion dollars in damages.”
“Although many incriminating FTX emails and texts have already been destroyed, we located them,” Garrison’s legal team claimed in the complaint.
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Tom Brady, Steph Curry and Kevin O’Leary set to lose big from FTX bankruptcy filingFormer FTX CEO Sam Bankman-Fried lost his entire $16 billion fortune – in just a few days after his company filed chapter 11 bankruptcy protection. Investors’ money could be wiped out by the bankruptcy filing.
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Warriors suspend deal with crypto company FTXLast December, both the Warriors and FTX announced a 'first-of-its-kind' cryptocurrency partnership
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Golden State Warriors suspend deal with crypto company FTXOn Monday, the Golden State Warriors announced that they would be suspending their partnership with FTX, after their game against the San Antonio Spurs. They become the second NBA team to cut ties with the crypto company after it declared bankruptcy.
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Warriors pause partnership with FTX after cryptocurrency firm files for bankruptcyThe first 10,000 fans attending Monday’s game against the San Antonio Spurs received a Jordan Poole “Poole Party” bobblehead that was sponsored by FTX.
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Warriors join Heat, suspend deal with FTX after cryptocurrency company declares bankruptcyThe Golden State Warriors are suspending their deal with FTX, too.
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Tom Brady, on two-game winning streak, makes noticeable social media changeTom Brady has led the Tampa Bay Buccaneers to back-to-back wins and on Monday made a big and very noticeable change to his Twitter profile.
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