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Celebrities who promoted FTX, including NFL quarterback Tom Brady and comedian Larry David, said investors’ lawsuits seeking damages following the collapse of the cryptocurrency exchange should be dismissed. rice field.

A class action lawsuit filed in Miami alleges that FTX Yield Accounts are unregistered securities sold illegally in the United States and promoters must disclose the fees they receive.

The lawsuit seeks damages against FTX founder Sam Bankman-Fried, along with several celebrities who promoted FTX, including David, creator of the TV shows Seinfeld and Curb Your Enthusiasm. I am looking for He is also seeking damages from his NBA team, the Golden State Warriors, who promoted FTX.

Celebrities and the Warriors said in court documents filed on Friday that they never marketed the accounts at issue in the case and caused no investor losses.

Based on the investor theory, they said, “brokerage advertising actors are responsible for selling securities that individual users later purchase using the brokerage firm’s services.”

“That’s nonsense,” said the celebrity.

An attorney for the investor did not immediately respond to a request for comment.

David starred in a commercial for FTX that aired at the 2022 Super Bowl, portraying a fictional character to dismiss key innovations throughout history and ending with the message, “Don’t miss the cipher.”

Bankman-Fried argued in court documents that the case against him should be stayed while he files criminal charges in New York. Investors did not object to the request, he said.

Prosecutors have accused 31-year-old Bankman-Fried of stealing billions of dollars in FTX client funds to cover losses at Alameda Research and tens of millions of dollars in illicit political donations to buy influence in Washington, DC. I was charged with what I did. he pleaded not guilty.

The case is Garrison v. Bankman-Fried et al., No. 22-23753, United States District Court, Southern District of Florida. FTX Celebrity Promoter Says Crypto Investors Can’t File Lawsuits Over Accounts

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