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FTX celebrity ambassadors may face lawsuits! Besides Stephen Curry and Shohei Ohtani, who else?

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FTX celebrity ambassadors may face lawsuits! Besides Stephen Curry and Shohei Ohtani, who else?

Following the bankruptcy liquidation of FTX, a large number of investors may not be able to retrieve their assets held in FTX. Currently, in addition to many investors initiating collective lawsuits against FTX, well-known individuals who have previously promoted FTX are also reportedly facing potential lawsuits.

FTX Promoters May Face Lawsuits

According to a report by The Block, sources have revealed that prominent lawyer David Boies is in discussions with clients about potentially suing FTX's famous promoters.

David Boies, who has represented the infamous medical company Theranos and assisted the U.S. government in an antitrust lawsuit against Microsoft, is reportedly involved in these discussions.

When lending platform Voyage filed for bankruptcy in July this year, Boies Schiller Flexner, David Boies' firm, also initiated a lawsuit against its CEO Steve Ehrlich and NBA Dallas Mavericks owner Mark Cuban.

Possible List of Defendants

It is currently unclear which celebrities may be targeted in the potential collective lawsuit. However, FTX has collaborated with many well-known figures since last year, including:

Brand Ambassadors

  • NFL quarterback for the Tampa Bay Buccaneers, Tom Brady
  • Brazilian supermodel Gisele Bündchen
  • NBA point guard for the Golden State Warriors, Stephen Curry
  • NFL quarterback for the Jacksonville Jaguars, Trevor Lawrence
  • MLB player for the Los Angeles Angels, Shohei Ohtani
  • NBA legendary center for the Los Angeles Lakers, Shaquille O’Neal
  • MLB legendary outfielder for the Boston Red Sox, David Ortiz
  • Japanese professional tennis player Naomi Osaka
  • NBA power forward for the Miami Heat, Udonis Haslem
  • Host of "Shark Tank," Kevin O’Leary

Commercial Endorsements

  • American comedian Larry David

In addition to the aforementioned celebrities, FTX has also previously secured the naming rights to the NBA team Miami Heat's arena, a sponsorship that has since ended, and sponsored the F1 team Mercedes-AMG Petronas.