Celebrities Off The Hook: Judge Clears Them from FTX Investor Claims

A Florida judge has ruled that celebrities like Tom Brady, Stephen Curry, and others were not liable for the fallout of FTX’s collapse in its investor lawsuit. This decision, by Judge K. Michael Moore, states endorsements alone don’t prove responsibility without evidence showing intentional knowledge of fraud. The ruling dismisses claims against these prominent individuals while the case continues to pursue a staggering $21 billion in damages from other FTX affiliates. Though this decision offers immediate financial relief, it has implications for celebrity involvement in crypto markets. The ruling underlines that clear responsibilities and transparency are crucial when endorsing financial products.