FTX Lawsuit: Celebs Cleared Mostly

Judge Dismisses Most Claims Against Celebrities in FTX Lawsuit

• Claims against celebrities like Larry David, Naomi Osaka, and Tom Brady were mostly dismissed.
• The judge ruled plaintiffs couldn’t prove the celebrities knew of FTX’s fraudulent activities.
• Celebrities involved include Stephen Curry, the Golden State Warriors, and Kevin O’Leary.
• A portion of the lawsuit regarding endorsement of unregistered securities remains active.
• FTX’s CEO Sam Bankman-Fried is serving a 25-year sentence for fraud and other crimes.

A U.S. District Judge dismissed most claims against celebrities endorsing FTX due to lack of evidence that they knew about its fraud. However, allegations related to promoting unregistered securities continue. Sam Bankman-Fried faces a lengthy prison term for his role in the exchange’s collapse.