Celebrity Cryptocurrency Scheme: Steph Curry, Tom Brady & Gisele Bündchen Among List Of Celebs Sued For Allegedly Helping Run A Phony NFT Enterprise

Celebrity Cryptocurrency Scheme: Steph Curry, Tom Brady & Gisele Bündchen Among List Of Celebs Sued For Allegedly Helping Run A Phony NFT Enterprise

Was your fav involved in a recent celebrity cryptocurrency scheme?

Celebrities including Steph Curry, Tom Brady, and his estranged wife Gisele Bündchen are just a few of the well-known figures that are being sued following the demise of FTX, a cryptocurrency exchange program they endorsed.

Customers of the platform lost their money when the company abruptly failed and filed for bankruptcy. The class action lawsuit was filed in Florida on Tuesday (Nov. 15).

Former FTX CEO Sam Bankman-Fried is accused of creating a fraudulent cryptocurrency scheme that was

“designed to take advantage of unsophisticated investors from across the country.”

Lawyers in the case cited a 2021 collaborative advertisement from Tom Brady and Gisele Bündchen, in which the former lovers encouraged everyone they knew to join them on the FTX platform.

In addition to Tom Brady, Gisele Bündchen, and Steph Curry, lawyers claim that Sam Bankman-Fried enlisted the aid of Shaquille O’Neal, Udonis Haslem, David Ortiz, Trevor Lawrence, Shohei Ohtani, Naomi Osaka, Larry David, and, Kevin O’Leary to carry out the celebrity cryptocurrency scheme.

Millions of Americans allegedly signed up to do business with the organization as a result of a Larry David advertisement, which ironically showed the comedian to be skeptical of it all.

FTX Exchange was known for its expertise in derivatives and leveraged products. Sam Bankman-Fried, a former trader of international exchange-traded funds at Jane Street Capital, founded FTX in 2018. The company provided a variety of trading products, such as derivatives, options, volatility products, and leveraged tokens. Additionally, it offered spot markets for more than 300 cryptocurrency trading pairings.

It all came crashing down last week when the corporation apparently ran out of money to cash out its users.

According to the lawsuit, consumers spent over $11 billion as a result of everything collapsing and Bankman-Fried’s resignation. The plaintiffs are seeking damages to recoup their losses.

What are your thoughts on the entire situation? Let us know in the comments!

[VIA, VIA]