FTX investors move to settle with SBF in exchange for information to go after celebrity boosters | Headlines | News | CoinMarketCap

04/20/2024 04:59
FTX investors move to settle with SBF in exchange for information to go after celebrity boosters | Headlines | News | CoinMarketCap

A group of investors have agreed to settle their civil case against former FTX CEO Sam Bankman-Fried in exchange for his cooperation in their case …

A group of investors have agreed to settle their civil case against former FTX CEO Sam Bankman-Fried in exchange for his cooperation in their case against celebrities who promoted the platform.

In documents filed on Friday, the investors asked a Miami court to approve a settlement and said Bankman-Fried has knowledge that would be valuable to cases against other defendants including basketball player Shaquille O'Neal, businesswoman Gisele Bündchen, football star Tom Brady, and businessman Kevin O'Leary among a large list of others.

The documents were signed by Bankman-Fried, who was recently sentenced to 25 years in prison, and Adam Moskowitz, co-lead counsel for the class action lawsuit. Bloomberg first reported the news.

"While Class Counsel is aware that Defendant is currently …

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