U.S. Crypto Investors Sue FTX’s Sam Bankman-Fried, Company’s Celebrity Endorsers

U.S. Crypto Investors Sue FTX’s Sam Bankman-Fried, Company’s Celebrity Endorsers


“The Deceptive FTX Platform maintained by the FTX Entities was truly a house of cards, a Ponzi scheme where the FTX Entities shuffled customer funds between their opaque affiliated entities, using new investor funds obtained through investments in the YBAs and loans to pay interest to the old ones and to attempt to maintain the appearance of liquidity,” the plaintiffs said in their complaint.

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