The judge handling the FTX case is considering removing Shaquille O'Neal and Naomi Osaka from the lawsuits.
The decision will be made by December 2023.
- FTX had a long list of celebrity endorsements, including names such as:
- Tom Brady,
- Shaquille O'Neal,
- Larry David,
- Stephen Curry,
- Gisele Bündchen,
- Kevin O'Leary,
- David Ortiz
- Trevor Lawrence, etc.
- After
FTX's bankruptcy, multiple celebrities that had endorsement deals with
the exchange were hit with lawsuits over endorsing a failed
cryptocurrency without doing their due diligence.
- The lawsuit claims that they are partially responsible for the billions of dollars that were lost.
- Sam Bankman-Fried, FTX's CEO, was arrested and charged with multiple counts of wire fraud and money laundering.
- The celebrities, however, do not face jail time as of now.
- Brady, Bündchen, O'Leary, Ortiz, and Lawrence asked for a time extension on the case, a request that was dismissed.
