FTX Founder Sam Bankman-Fried and several celebrities who promoted the exchange have been sued in the US over alleged deceptive practices to sell FTX yield-bearing digital currency accounts. The class action lawsuit alleged that crypto investors have sustained $11 billion in damages. The lawsuit seeks unspecified damages from Bankman-Fried and 11 athletes and celebrities who promoted FTX.

short by Ambarish Awale / 10:57 pm on 16 Nov