Shaquille O'Neal, Stephen Curry, Naomi Osaka And Others Possibly In Legal Trouble Due To $11 Billion Scandal

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Shaquille O'Neal and other athletes are named in an $11 billion consumer class-action lawsuit. FTX, a popular cryptocurrency exchange platform, has collapsed recently after a shortfall of deposits. A lawsuit was filed by its investors against the company’s former CEO, Sam Bankman-Fried and several celebrity ambassadors like Naomi Osaka, Tom Brady, Stephen Curry, and Shaquille O’Neal. The company had named Osaka as a global ambassador with a long-term agreement in March. She participated in the production of branded content and wore an ‘FTX’ patch during her matches.

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Cryptocurrency investors have sued STEPHEN CURRY and other elite athletes

After a dramatic series of events, FTX went from being the industry leader to going bankrupt. A lawsuit filed by cryptocurrency investors includes claims for damages against several celebrities who helped advertise the cryptocurrency exchange.

the lawsuit

The cryptocurrency platform FTX and its former CEO Sam Bankman-Fried, according to the lawsuit, have deceived customers and caused investors to suffer loss of billions of dollars. Tom Brady of the Tampa Bay Buccaneers, LA Lakers legend Shaquille O’Neal, and Stephen Curry of the Golden State Warriors, are among the athletes and celebrities named in the lawsuit, including others who promoted the platform.

The lawsuit reads, “FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors from across the country, who utilize mobile apps to make their investments.…” According to reports that were released after the crash of the company, approximately $10 billion was moved from FTX to Bankman-Fried’s trading company, Alameda Research.

Shaquille O'Neal, Stephen Curry, Naomi Osaka And Others Possibly In Legal Trouble Due To $11 Billion Scandal

Cryptocurrency investors have sued STEPHEN CURRY and other elite athletes

After a dramatic series of events, FTX went from being the industry leader to going bankrupt. A lawsuit filed by cryptocurrency investors includes claims for damages against several celebrities who helped advertise the cryptocurrency exchange.

the lawsuit

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