World news

Celebrities sued for touting FTX with ‘don’t miss out on crypto’ slogan

Pakistan to Ban Cryptocurrency-Related Online Services

Viral on TikTok, SUPERKIND K-Pop Group Combines Real and Virtual AI-Based Members

Jose Mourinho Reportedly Exploring Negotiations to Become PSG Coach

For Mourinho, AS Roma have theoretically won the Europa League this season

Due to Unclear Crypto Regulations in the US, Coinbase Sues

South Korean Politician Quits Party Due to Involved in Crypto Scandal

Published

1 year ago

November 20, 2022

Catherine Xavier

Table of Contents

Follow Us @

Celebrities sued for touting FTX – Top tennis star Naomi Osaka, American football legend Tom Brady, his ex-partner and model Gisele Bündchen and ex-basketball player Shaquille O’Neal, among others, have been charged in the US for promoting the fallen crypto platform FTX. Sam Bankman-Fried, the founder of the platform, has also been charged.

A duped investor has started a lawsuit in court in the US state of Florida. He demands compensation and wants to do this on behalf of as many other American investors as possible.

Celebrities sued for touting FTX

FTX was one of the largest digital coin trading platforms until recently, but it crashed in recent days. As a result, many investors can no longer access their money. As a result, many crypto coins also fell in value. Among other things, the price of bitcoin plummeted by about 20 percent in a few days.

This duped investor, Edwin Garrison, is going to claim compensation. The amount thereof is still unknown. So he not only targets the FTX founder, but also celebrities who have promoted the platform. In addition to the aforementioned persons, these include comedian Larry David and basketball player Stephen Curry.

YOU MAY HAVE MISSED:

VPN providers: India postpones stricter rules for VPN providers for three months

The prosecution accuses the celebrities of touting unregistered crypto investments and enticing investors to invest in a pyramid scheme. Authorities in the US are now investigating the collapse of FTX and to what extent Bankman-Fried has broken the rules. (Celebrities sued for touting FTX)

FIRST TIME REACTION:

For More On “neutron star” and “Pokémon Unite creator” Enjoy Hot air news

Be the first to leave us a comment down below in the comment section. click on subscribe button to get firsthand daily updates, filled with amazing Today’s adults entertainments, hot trending news, story trend, Gists, black celebrities kid news and gossips, tech trend , Relationship guides, opportunities to make money online, new trends in marketing and lots more.

Get Answers to all of this following question in Todaysgist.com