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By : Raam Dhakad
Tom Brady, Gisele Bündchen, Steph Curry and many other celebrities are being sued for promoting FTX – a cryptocurrency exchange app that recently collapsed.
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The class action lawsuit was filed in Florida federal court on Tuesday, according to TMZ Sports.
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According to the lawsuit, FTX founder Sam Bankman-Fried perpetrated a fraudulent scheme "designed to take advantage of unsophisticated investors from across the country."
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Shaquille O'Neal, Udonis Haslem, David Ortiz, Trevor Lawrence, Shohei Ohtani, Naomi Osaka, Larry David and Kevin O'Leary are also included in the lawsuit.
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Lawyers overlooking the lawsuit specifically referenced an ad featuring Brady and Gisele released in 2021.
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The commercial showed the then-couple stating that they were aware of FTX joining.
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FTX suddenly collapsed last week after its users were unable to cash out. According to the lawsuit, the cost to defrauded consumers was more than $11 billion.
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