Source: Bitcoin.com
“In a significant turn of events, former FTX CEO Sam Bankman-Fried has agreed to a settlement with investors, providing crucial cooperation in ongoing lawsuits against high-profile celebrities. The settlement, pending court approval, could mark a pivotal moment in the extensive legal battles following the crypto exchange’s colossal collapse. Following his recent 25-year prison sentence for fraud, Sam Bankman-Fried‘s cooperation is poised to be a key asset in the class action suit targeting celebrity endorsers of FTX, including David Ortiz, Udonis Haslem, Orlando Bloom, Larry David, Katy Perry, Shaquille O’Neal, Gisele Bundchen, and Tom Brady.” (04/21/24)