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<\/div>Welp, that didn't take long. The first civil suit<\/a> against the still-imploding crypto exchange FTX was just filed in a Florida court, accusing FTX, disgraced CEO Sam Bankman-Fried<\/a>, and 11 of the exchange's many celebrity ambassadors of preying on \"unsophisticated\" retail investors.<\/p> The list of celeb defendants<\/a> impressive — honestly, it reads more like an invite list to a posh award show than a lawsuit.<\/p> Geriatric quarterback Tom Brady<\/a> and soon-to-be-ex-wife Gisele Bündchen lead the pack, followed by basketball players Steph Curry and Udonis Haslem, as well as the Golden State Warriors franchise; tennis star Naomi Osaka; baseballers Shoehi Ohtani, Udonis Haslem, and David Ortiz; and quarterback Trevor Laurence.<\/p> Also named is comedian Larry David — who starred in that <\/em>FTX Super Bowl commercial<\/a> that very specifically told investors that even if they didn't understand crypto, they should definitely invest — and investor Kevin O'Leary of \"Shark Tank\" fame.<\/p> \"The Deceptive and failed FTX Platform,\" reads the suit,\" \"was based upon false representations and deceptive conduct.\"<\/p> \"Many incriminating FTX emails and texts... evidence how FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors from across the country,\" it continues. \"As a result, American consumers collectively sustained over $11 billion dollars in damages.\"<\/p> Indeed, a number of FTX promos embraced an attitude similar to the cursed Larry David commercial. In one, Steph Curry tells viewers<\/a> that with FTX, there's no need to be an \"expert,\" while a Naomi Osaka promotion<\/a> pushed the idea that crypto trading should be \"accessible,\" \"easy,\" and \"fun.\"<\/p> It's also worth noting that this isn't the first suit of its kind. Billionaire Mark Cuban, also of \"Shark Tank\" fame, was named in a class action lawsuit launched against<\/a> the bankrupt lender Voyager in August, while reality TV star Kim Kardashian was recently made to pay a roughly $1.2 million fine for hawking the \"EthereumMAX\" token without disclosing that she was paid to do so.<\/p> The FTX suit, however, appears to be the most extensive — and high-profile — of its kind. And while a fine for a million or two is basically a one dollar bill to this tax bracket, $11 billion, even if split amongst a group of 11 exorbitantly wealthy celebs, is a more substantial chunk of change.<\/p> Of course, whether anyone actually ever has to pay up remains to be seen. Regardless, it's still a terrible look, and real people got hurt. If there's any defense here, though? At least they didn't promise<\/a> to be experts.<\/p> READ MORE:<\/strong> FTX founder Sam Bankman-Fried hit with class-action lawsuit that also names Brady, Bündchen, Shaq, Curry<\/a><\/em> [Fox Business<\/em>]<\/p> More on the FTX crash: <\/strong> Experts Say Sam Bankman-fried's Best Legal Defense Is to Say He's Just Really, Really Stupid<\/a><\/em><\/p> The post Celebrities Are Officially Being Sued by FTX Retail Investors<\/a> appeared first on Futurism<\/a>.<\/p> More:<\/p> Celebrities Are Officially Being Sued by FTX Retail Investors<\/a><\/p>","protected":false},"excerpt":{"rendered":" Welp, that didn't take long. The first civil suit against the still-imploding crypto exchange FTX was just filed in a Florida court, accusing FTX, disgraced CEO Sam Bankman-Fried , and 11 of the exchange's many celebrity ambassadors of preying on \"unsophisticated\" retail investors. The list of celeb defendants impressive \u2014 honestly, it reads more like an invite list to a posh award show than a lawsuit Continue reading