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Tom Brady, Stephen Curry, More Athletes Named in Lawsuit over FTX’s Collapse | News, Scores, Highlights, Stats, and Rumors

Tom Brady, Stephen Curry, More Athletes Named in Lawsuit over FTX’s Collapse | News, Scores, Highlights, Stats, and Rumors

AP Photo/Matthias Schrader

A class-action lawsuit against Sam Bankman-Fried, the founder of cryptocurrency exchange platform FTX, also names several athletes and celebrities as defendants after they “aggressively marketed” the company, per Zachary Halaschak of the Washington Examine.

Among the athletes listed are Tom Brady, Stephen Curry, Shaquille O’Neal, Udonis Haslem, David Ortiz, Trevor Lawrence, Shohei Ohtani and Naomi Osaka.

The lawsuit claims these people “promoted, assisted in, and actively participated” in the alleged scheme.

FTX filed for bankruptcy this week after facing a “severe liquidity crisis.”

“I f–ked up, and should have done better,” Bankman-Fried tweeted.

The class-action suit, led by Oklahoma resident Edwin Garrison, argues FTX was a “was designed to take advantage of unsophisticated investors from across the country.”

The athletes helped promote the FTX brand, with Brady taking part in a commercial alongside then-wife Gisele Bündchen prior to the couple finalizing their divorce in October.

Brady and Bündchen were also announced as shareholders in the company.

Curry promoted FTX as well, saying in his commercial that the platform enabled him to buy and sell cryptocurrency without being an expert:

Lawrence signed an endorsement deal with Blockfolio, which is powered by the FTX app, becoming the first of its kind to pay a portion of its signing bonus in cryptocurrency.

The athletes could now end up suffering from these deals amid the collapse of FTX.

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