Sam Bankman-Fried faces seven class action lawsuits
Since November 11, seven collective complaints have been filed with various legal departments. Former FTX clients blame Sam Bankman-Fried, FTX executives and celebrities such as Tom Brady, Kevin O'Leary, Stephen Curry, Trevor Lawrence ( Trevor Lawrence) and Shaquille O'Neal (Shaquille O'Neal) in fraud and unfair advertising.
The class action lawsuit is in addition to numerous lawsuits and investigations initiated against FTX and Sam Bankman-Freed. Earlier, Terraform Labs co-founder Do Kwon called on the troubled FTX and Genesis companies to tell the public the truth and reveal their role in the death of the Terra ecosystem.
As reported by the New York Times, New York prosecutors are looking into the possibility of manipulation of the Luna and TerraUSD cryptocurrencies by FTX founder Sam Bankman-Freed.
