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Fortune
Fortune
Shawn Tully

A former FTX insider joins the class action lawsuit against celebs like Tom Brady and Shaq who touted crypto

(Credit: Frazer Harrison—WireImage/Getty Images; Ethan Miller—Getty Images; Kevin Winter—Getty Images; Ryan Pierse—Getty Images)

Good morning. Shawn Tully here with a new twist in the legal battles engulfing the crypto world. A series of class action cases have pitted Moskowitz Law of Florida and Boies Shiller Flexner (home of super-lawyer David Boies) against a panoply of celebrities who touted crypto. The lawyers are trying to recoup billions on behalf of regular people who bought crypto and lost big. Yesterday there was a new wrinkle in the case; as Fortune was first to report:

Dan Friedberg, the former chief compliance officer of bankrupt crypto exchange FTX, is cooperating with the plaintiffs bringing a class action suit versus a group of sports stars and entertainers, Fortune has learned from a new legal filing. The lawsuit's targets include, among others, Shaquille O’Neal, Tom Brady, Naomi Osaka, and Larry David.

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