CORRECTION: The class-action lawsuit against FTX_Original’s former CEO SBF_FTX and its host of celebrity promoters has been given a new judge in Miami, and the plaintiffs' lead attorney says he’s “more confident than ever.” cheyenneligon reports
, comedian Larry David, tennis player Naomi Osaka and the NBA’s Golden State Warriors team – drew in unsophisticated retail investors and promoted unregistered securities.
“We have been working with our team of crypto experts and are more confident than ever that all of the FTX interest accounts will be found by our state and federal courts to be ‘securities’ and thus each of the FTX Brand Ambassadors will be liable for promoting an unregistered security,” Adam Moskowitz, the lead attorney for the plaintiffs said.
Moskowitz said he was confident that the FTX celebrity promoters will also be found to have violated state and federal anti-touting laws. “We have no doubt that Sam [Bankman-Fried] committed one of the country’s largest financial scams and he had no intention of complying with any of these FTC and SEC celebrity endorsement regulations,” Moskowitz said. “That was part of his fraudulent plan to compete with Voyager, Gemini, Coinbase, and BlockFi.”
Voyager Digital and BlockFi are crypto lenders, Coinbase is the only publicly traded crypto exchange in the U.S. and Gemini is also a cryptocurrency exchange.of similar class-action lawsuits already filed against Bankman-Fried and FTX since the exchange declared bankruptcy one month ago.
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