FTX celebrity promoters say crypto investors cannot sue over accounts

Celebrities who promoted FTX, including NFL quarterback Tom Brady and comedian Larry David, said an investor lawsuit seeking damages in the wake of the cryptocurrency exchange's collapse should be dismissed. The proposed class action in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the United States, which required the promoters to disclose the compensation they received. The lawsuit seeks damages from FTX founder Sam Bankman-Fried alon

• 2023-04-18
• Larry David FTX Golden State Warriors Sam Bankman-Fried Celebrities Tom Brady

SEC charges Lindsay Lohan and other celebrities for illegally touting crypto

They didn't disclose that they were being paid to promote Justin Sun's Tronix and BitTorrent crypto assets.

• 2023-03-23
• Lindsay Lohan Justin Sun social media crypto enthusiasts SEC federal securities laws Austin Mahone celebrities

Lindsay Lohan, other celebs settle with SEC over crypto case

Actress Lindsay Lohan, rapper Akon and several other celebrities have agreed to pay tens of thousands of dollars to settle claims they promoted crypto investments to their millions of social media followers without disclosing they were being paid to do so. Lohan, Akon, recording artists Ne-Yo, and Lil Yachty, boxer and internet personality Jake Paul, and adult film performer Michele Mason all agreed to pay more than $400,000 combined in disgorgement, interest and penalties to settle the claims,

• 2023-03-23
• Lindsay Lohan celebrities SEC crypto investments social media followers Tom Brady