See every side of every news story
Published loading...Updated

Judge Dismisses Most Claims Against Tom Brady, Stephen Curry Over FTX Crypto Endorsements

  • A federal judge in Florida dismissed most claims against celebrities and influencers who endorsed the collapsed cryptocurrency exchange FTX in a recent ruling.
  • The lawsuit began after FTX's November 2022 collapse wiped out billions in customer funds and alleged the celebrities knew about the fraud, but the judge found insufficient evidence of their knowledge.
  • Key defendants cleared include sports figures Tom Brady, Stephen Curry, supermodel Gisele Bündchen, investor Kevin O'Leary, and several YouTube influencers accused of promoting unregistered securities without disclosure.
  • Judge K. Michael Moore’s Wednesday order stated plaintiffs failed to show celebrities had adequate knowledge of FTX or Sam Bankman-Fried’s misconduct, allowing the lawsuit to proceed in limited form under state laws.
  • This ruling narrows the multidistrict litigation and intensifies scrutiny on celebrity endorsements in crypto, while FTX continues bankruptcy proceedings and seeks liability settlements.
Insights by Ground AI
Does this summary seem wrong?

19 Articles

All
Left
1
Center
5
Right
1
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 71% of the sources are Center
71% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Quartz broke the news in United States on Thursday, May 8, 2025.
Sources are mostly out of (0)