NFL icon Tom Brady is being sued along with a number of other famous celebrities and sporting personalities over their promotion of failed cryptocurrency exchange FTX.
The seven-time Super Bowl champion will join a number of celebrities after they were named as defendants in a class-action lawsuit against the cryptocurrency firm. It is alleged by investors that their public status made them culpable for promoting the company’s failed business model.
Last week, FTX filed for bankruptcy to end a disastrous few days for the previous third-largest cryptocurrency exchange in the world when the week began. The company’s CEO and founder, Sam Bankman-Fried, has resigned after the firm - which has lost billions - inquired regarding bankruptcy protection.
