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Two sports giants and businessmen are defendants in a lawsuit against the FTX cryptocurrency exchange.
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By Jayden
11.16.2022
Buccaneers' Tom Brady
Thick Brush Stroke
The crypto exchange, which filed for Chapter 11 bankruptcy on Nov. 11, platforms with several star ambassadors.
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NFL star Tom Brady, his ex-wife supermodel Gisele Bündchen, Shaquille O'Neal and NBA star Stephen Curry.
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Businessman Kevin O'Leary, aka "Mr. Wonderful," backed the firm founded by Sam Bankman-Fried.
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Tom Brady and Bundchen star in a commercial promoting the cryptocurrency FTX.
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But the sudden collapse of the platform threatens the savings of hundreds of thousands of retail and institutional investors.
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The class action lawsuit has just been filed against "all parties that control, promote, aid, and actively participate in the FTX business."
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The lawsuit, which was filed in Florida, includes Bankman-Fried, Brady, Bundchen, Curry, O'Neal, Udonis Haslem, David Ortiz,
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Baseball star Shohei Ohtani, Trevor Lawrence, tennis star Naomi Osaka, "Seinfeld" creator Larry David and O'Leary.
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"FTX entities imploded, over $30 billion evaporated almost overnight,
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The FTX Entities find themselves filing their emergency Chapter 11 bankruptcy petition in Delaware," the lawsuit said.
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