American investors filed a lawsuit for $ 11 billion to the ex-head of FTX


American investors filed a lawsuit for $ 11 billion to the ex-head of FTX

The court document alleges that FTX's cryptocurrency products were unregistered securities and were offered illegally in the United States.

A group of American investors filed in the court of Miami (Florida) a class action lawsuit against the founder of the company FTX Sam Bankman-Fried in the amount of $ 11 billion, reports Reuters. According to court documents, the plaintiffs allege that the company's cryptocurrency products, namely income-generating accounts, were pyramid schemes, as well as unregistered securities that were illegally offered in the United States.

The lawsuit says U.S. investors suffered $11 billion in damages as a result of the FTX crash. The plaintiffs are seeking damages from Bankman-Fried and a number of celebrities who helped promote the FTX, including American football star Tom Brady and tennis player Naomi Osaka.

FTX has filed for bankruptcy and is under scrutiny by U.S. authorities amid reports that $10 billion worth of client assets have been transferred from FTX to Bankman-Fried's company Alameda Research. U.S. and Bahamian authorities are already discussing the possibility of extraditing Bankman-Fried to the U.S. for questioning.
At the same time, American politicians and celebrities, including the aforementioned soccer player Tom Brady, have begun removing evidence of their association with the FTX and its former head Sam Bankman-Freedom.


Popular posts from this blog

"Investors need a minimum." When Bitcoin Will Begin Recovery

Is the Presence of Pips Required for Engaging in Forex Trading? - Exploring the Definition of Pips in the World of Forex Trading

When Bitcoin Will Be More Expensive Than $100 Thousand: A Selection of Predictions