Tom Brady, Gisele Bundchen, Other Celebrities Named In Class-Action Lawsuit Against FTX

Tom Brady and other celebrities has been named In a class-action lawsuit against FTX Trading Limited.

iexclusivenews reports that a class-action lawsuit filed on Nov. 15 in Miami named former FTX CEO Sam “SBF” Bankman-Fried and a number of celebrities who endorsed FTX.

Celebrities, athletes, and teams involved in the class-action lawsuit include Tom Brady, Gisele Bundchen, Steph Curry, the Golden State Warriors.

Shaquille O’Neal, Udone Haslem, Larry David, and all other parties who “controlled, promoted, assisted in, and actively participated in” FTX Trading LTD and West Realm Shires Services Inc.

iexclusivenews reports that according to the court documents, the plaintiff, Edwin Garrison, purchased and funded his account with enough crypto assets to earn interest on his holdings but suffered “sustained damages” as a result of FTX’s collapse.

According to the lawsuit, FTX tried to destroy incriminating emails, texts, and evidence of its criminal activities.

The recovered evidence, on the other hand, suggests that “FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors from across the country who use mobile apps to make their investments.”

According to the lawsuit, “American consumers collectively sustained over $11 billion in damages.”

Since FTX’s demise, many have called for the former CEO to face legal consequences.

However, iexclusivenews Nigeria reports that US authorities have reportedly begun working with Bahamas law enforcement to potentially extradite SBF to the US for questioning.

FTX is already being investigated in the Bahamas, where its FTX Digital Markets subsidiary and many company executives, including SBF, are based.

Turkish financial authorities have also launched an investigation into the exchange.