What You Need to Know

  • Adam Moskowitz is joined by his partner Joseph M. Kaye, as well as David Boies and Stephen Zack of Boise Schiller Flexner
  • The FTX bankruptcy filing was the largest of several failures by cryptocurrency platforms last year.
  • The Howey test determines whether a transaction or an investment contract qualifies as a security if it meets three requirements.

Class action attorneys for the investors who lost billions of dollars in the collapse of the FTX platform have asked the Miami-Dade Circuit Court to determine whether the FTX yield-bearing accounts are a security.

Adam Moskowitz, the managing partner of the Moskowitz Law Firm in Coral Gables, filed a motion for partial summary judgment on this “specific and narrow question” that has plagued worldwide cryptocurrency litigation. The potential ruling could be bad news for defendant FTX’s former brand ambassadors, such as defendant Tom Brady.

You Might Like

4 minute read

3 minute read

3 minute read

2 minute read

More From ALM

Premium Subscription

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.

View Now

Team Accounts

Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.

View Now

Bundle Subscriptions

Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.

View Now

Real Estate Attorney

Berchem Moses PC, a prominent Connecticut law firm with offices in Milford and Westport, is actively recruiting candidates for our Milford o…

Apply Now ›




Law Offices of Robert G. Stahl, LLC proudly announces that Laura K. Gasiorowski has been promoted to partner and the firm will now be known as STAHL GASIOROWSKI

View Announcement ›

Subscribe to Daily Business Review

Don’t miss the crucial news and insights you need to make informed legal decisions. Join Daily Business Review now!

Unlimited access to Daily Business Review

Access to additional free ALM publications

1 free article* across the ALM subscription network every 30 days

Exclusive discounts on ALM events and publications