FTX investors filed a class action lawsuit against FTX and its celebrity endorsers on Nov. 15, 2022. Thecivil suit claimedFTX used "false representation and deceptive conduct." The lawsuit also accused FTX of using a Ponzi scheme to misuse funds and move customer money between entities. How th...
FTX customers file class action lawsuit saying assets belong to them The suit was filed against FTX and its founder Sam Bankman-Fried who was arrested in the Bahamas last week FTX customers filed a class action lawsuit against the failed crypto exchange as the company's assets dwindle. The fil...
A class-action lawsuit against Silvergate Bank, Silvergate Capital Corporation and Silvergate CEO Alan Lane was filed at the California Southern District Court concerning accounts held by embattled crypto companies FTX and Alameda Research. The suitaimsto hold Silvergate accountable for its alleged roles ...
Meanwhile, celebrity boosters of FTX -- including Naomi Osaka, Shaquille O'Neal and Kevin O'Leary -- were sued in federal court in a class-action lawsuit alleging that false representations of a deceptive product were used to dupe vulnerable investors. ...
According to activist and FTX creditor Sunil Kuvari, a number of FTX victims are taking part in class action litigation against law firms Sullivan and Cromwell and Fenwick and West for allegedly aiding and abetting the massive digital asset fraud. ...
Shaquille O'Neal cannot be served a summons electronically for aclass-action lawsuit brought against FTX founder Sam Bankman-Fried and a host of celebrity spokespeople, a Florida judge ruled Tuesday. The plaintiff's attorneys have unsuccessfully attempted to serve O'Neal in person for several months...
Class action lawsuit filed against prominent VCs This lawsuit details how the defendants, which include industry knowns such as Temasek, Sequoia Capital, and Sino Global, used their influence and financial standing to help launch FTX and enable the multibillion-dollar disaster that affected countless ...
The ruling, which won a 5-4 majority, allows Coinbase to continue its effort to compel arbitration against the putative class action lawsuit, halting the lawsuit’s progress through the federal court system in the meantime. While this marks a win for Coinbase, it has little direct effect on...
A customer-led federalclass-actionlawsuitfiled in November 2022 accuses FTX of being a fraudulent cryptocurrency scheme and Bankman-Fried and FTX's celebrity promoters, including Stephen Curry, Shaquille O'Neal, Shohei Ohtani, Naomi Osaka, Larry David, Tom Brady, and Kevin O'Leary, of duping uns...
Lawsuit Filed Against FTX and Celebrity Promoters On Nov. 16, aclass-action lawsuitwas filed in a Florida federal court, alleging FTX was a fraudulent cryptocurrency scheme designed to take advantage of unsophisticated investors across the U.S. High-profile celebrities and professional athletes such ...