A class-action lawsuit filed Tuesday alleges that the crypto platform FTX and former CEO Sam Bankman-Fried violated Florida law, misled customers and cost investors billions of dollars in damages.
The lawsuit also names some of the athletes and celebrities that promoted the platform, including Tampa Bay Buccaneers quarterback Tom Brady and supermodel Gisele Bündchen, his ex-wife; Golden State Warriors guard Stephen Curry; and businessman Kevin O’Leary.
The lawsuit alleges that U.S. customers sustained $11 billion in damages and accused the exchange of targeting “unsophisticated investors from across the country.”
FTX and Bankman-Fried did not immediately respond to requests for comment. NBC News has reached out to all parties named in the lawsuit.