Celebrities Involved in FTX Class-Action Lawsuit Request Dismissal

On April 18th, according to a newly filed court motion, celebrities involved in promoting the cryptocurrency exchange FTX class action lawsuit have requested the court to dismiss the case. These celebrities include comedian and director Larry David, NFL star Tom Brady, Gisele Bundchen, NBA star Stephen Curry, Udonis Haslem, TrevorLawrence, Kevin O’Leary, baseball star Shohei Ohtani, David Ortiz Tennis star Naomi Osaka and the NBA Golden State Warriors. According to relevant lawyers, these celebrities did not advocate investing in the Income Account (YBA), and the class action lawsuit is claiming losses from such accounts. Previously, it was reported that regulatory agencies in Texas are investigating celebrities promoting FTX, including NBA star Curry and NFL star Brady. （Cryptoslate）

NBA star Stephen Curry and other celebrities have asked the court to dismiss the lawsuit on promoting FTX

Introduction

On April 18th, court records showed that certain celebrities who promoted the cryptocurrency exchange FTX had filed court motions to dismiss the class-action lawsuit being brought against them. Celebrities, including Larry David, Gisele Bundchen, Tom Brady, Stephen Curry, Udonis Haslem, Kevin O’Leary, Shohei Ohtani, David Ortiz, Naomi Osaka, and the NBA Golden State Warriors are involved in this lawsuit.

The Claims Against the Celebrities

It is claimed that these celebrities had been promoting the Income Account (YBA), which the plaintiffs in the class-action lawsuit claim to have caused them significant losses. However, representative lawyers for the celebrities contend that these stars did not advocate for investing in the Income Account.

The Investigations in Texas

Previously, regulatory agencies in Texas had launched investigations into the celebrities involved in promoting FTX and other crypto-related ventures. The NBA star Stephen Curry and NFL star Tom Brady were among those under investigation.

The Motions to Dismiss the Class-Action Lawsuit

In the newly filed court motion, the celebrities involved in promoting FTX are requesting the court to dismiss the class-action lawsuit brought against them. The celebrities’ representatives argue that this lawsuit is frivolous, and that the plaintiffs are simply trying to make money off of the celebrities by making incorrect claims about their involvement in promoting the Income Account.

The Celebrity’s Responses

Several celebrities involved in the FTX lawsuit have publicly issued statements denying any wrongdoing with regard to the promotion of Income Account. For instance, Tom Brady had previously stated that he did not even know what FTX was and that he had only been paid to promote its brand, and not its products.

Conclusion

The FTX class-action lawsuit involving celebrities has been ongoing for some time now, and the celebrities have taken steps to defend themselves against any wrongful claims. The plaintiffs have accused these celebrities of promoting the Income Account and causing significant losses to their investments. The celebrities involved in the FTX class-action lawsuit believe that they did not do anything wrong and that this lawsuit is baseless. It remains unclear what the outcome of the case will be.

FAQs

1. What is the FTX class-action lawsuit?

The FTX class-action lawsuit is a lawsuit brought against several celebrities who were involved in promoting the cryptocurrency exchange FTX. The lawsuit claims that these celebrities promoted the Income Account (YBA) and that this caused significant losses to investors.

2. Who are the celebrities involved in the FTX lawsuit?

The celebrities involved in the FTX lawsuit include Larry David, Gisele Bundchen, Tom Brady, Stephen Curry, Udonis Haslem, Kevin O’Leary, Shohei Ohtani, David Ortiz, Naomi Osaka, and the NBA Golden State Warriors.

3. What are the claims against the celebrities in the FTX lawsuit?

The claims against the celebrities in the FTX lawsuit is that they promoted the Income Account (YBA), which has caused significant losses to investors. The celebrities involved in the lawsuit contend that they did not advocate for investing in the Income Account.