The suit follows similar action against celebrity endorsers of FTX like Tom Brady and Madonna.
Highlights
- A class action lawsuit claims eight YouTubers took ‘undisclosed payments ranging from tens of thousands of dollars to multimillion-dollar bribes’ Lawsuit claims they were paid “handsomely” to push the FTX brand prior to its collapse.
- CEO Sam Bankman-Fried, known as SBF, is on house arrest ahead of a trial in October charged with orchestrating a yearslong fraud in which he used billions of dollars of FTX customer funds for personal expenses and high-risk bets through the exchange’s sister trading house, Alameda Research.
- Among the defendants is Kevin Paffrath, a former real estate agent who worked for Selling Sunset’s Oppenheim Group.
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Letting crypto burn is an 'attractive option,' Dutch central banker says