A class-action lawsuit filed Tuesday in the U.S. District Court for the Southern District of Florida alleges the crypto platform, FTX, misled customers – leading to billions of dollars lost.
The lawsuit, filed by investor Edwin Garrison, also names Tom Brady, Shaquille O'Neal, the Golden State Warriors, and others, alleging celebrities promoted FTX in an effort to get more people to invest in yield-bearing accounts or YBAs.
"Although many incriminating FTX emails and texts have already been destroyed, we located them and they evidence how FTX's fraudulent scheme was designed to take advantage of unsophisticated investors from across the country, who utilize mobile apps to make their investments," the lawsuit reads. "As a result, American consumers collectively sustained over $11 billion dollars in damages."
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