A federal judge has ruled that a lawsuit against celebrities, such as Tom Brady and Stephen Curry, related to the collapsed cryptocurrency exchange FTX can proceed, as claims under Florida law regarding unregistered securities remain valid. Although 12 out of 14 claims were dismissed due to lack of evidence that these celebrities knew about FTX's fraudulent activities, the ruling allows investors to amend their complaints. This legal matter emerges amidst ongoing proceedings of FTX’s bankruptcy and the broader implications for celebrity endorsements in cryptocurrency dealings.
A federal judge allowed a lawsuit against celebrities like Tom Brady and Stephen Curry to proceed, highlighting potential violations of Florida law regarding the promotion of FTX.
Investors claim that celebrities in the lawsuit ignored "red flags" and participated in a conspiracy to mislead customers about the FTX exchange.
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