Judge Narrows Celebrity Lawsuit in FTX Collapse Case

A key development emerged in the legal battle surrounding FTX’s collapse, as a judge narrowed the scope of celebrity-related lawsuits. The initial claims from FTX investors sought $11 billion in damages, alleging that celebrities promoting the exchange had contributed to its demise due to their lack of knowledge about its fraudulent activities. However, Judge K. Michael Moore ruled that these claims lacked sufficient evidence to hold celebrities liable for promoting the platform without awareness of such misconduct.