Judge dismisses most charges against FTX’s celebrity boosters
How did your country report this? Share your view in the comments.
Introduction:
The news topic “Judge dismisses most charges against FTX’s celebrity boosters” has drawn international attention, with various media outlets providing diverse insights, historical context, political stances, and on-the-ground developments. Below is a curated overview of how different countries and media organizations have covered this topic recently.
Quick Summary:
- A federal judge in Florida dismissed most claims against athletes, actors, YouTubers, and other celebrities who endorsed Sam Bankman-Fried’s crypto exchange. The high-profile defendants, sued by a group of FTX investors, include Tom Brady and his ex-wife, the model Gisele Bündchen. A group of “YouTuber defendants” who promoted FTX on social media were also sued. The celebrities still face claims for violating state securities laws in Florida and Oklahoma, and Moore ruled that the plaintiffs can amend their complaint.
- A US judge has dismissed most of the claims against several high-profile celebrities and YouTubers who promoted the cryptocurrency exchange FTX. The ruling reduces the scope of a large legal action accusing them of using their fame to market a fraudulent platform. The lawsuit arose from FTX’s collapse in November 2022, which caused billions of dollars in customer losses and led to investigations worldwide. The plaintiffs alleged that the stars were paid millions of dollars to endorse FTX without disclosing their financial incentives, a violation of federal and state advertising laws. However, only two charges remain: alleged violations of state securities laws in Florida and Oklahoma for selling unregistered securities. Judge Moore dismissed most claims against the celebrity promoters in the FTX lawsuit, ruling that the plaintiffs did not adequately plead causation.
Country-by-Country Breakdown:
Original Coverage
A federal judge in Florida dismissed most claims against athletes, actors, YouTubers, and other celebrities who endorsed Sam Bankman-Fried’s crypto exchange. The high-profile defendants, sued by a group of FTX investors, include Tom Brady and his ex-wife, the model Gisele Bündchen. A group of “YouTuber defendants” who promoted FTX on social media were also sued. The celebrities still face claims for violating state securities laws in Florida and Oklahoma, and Moore ruled that the plaintiffs can amend their complaint. Read full article
FTX lawsuit: US judge dismisses claims against Tom Brady, Gisele Bundchen, Kevin O’Leary, Stephen Curry and others
A US judge has dismissed most of the claims against several high-profile celebrities and YouTubers who promoted the cryptocurrency exchange FTX. The ruling reduces the scope of a large legal action accusing them of using their fame to market a fraudulent platform. The lawsuit arose from FTX’s collapse in November 2022, which caused billions of dollars in customer losses and led to investigations worldwide. The plaintiffs alleged that the stars were paid millions of dollars to endorse FTX without disclosing their financial incentives, a violation of federal and state advertising laws. However, only two charges remain: alleged violations of state securities laws in Florida and Oklahoma for selling unregistered securities. Judge Moore dismissed most claims against the celebrity promoters in the FTX lawsuit, ruling that the plaintiffs did not adequately plead causation. Read full article
Global Perspectives Summary:
Global media portray this story through varied cultural, economic, and political filters. While some focus on geopolitical ramifications, others highlight local impacts and human stories. Some nations frame the story around diplomatic tensions and international relations, while others examine domestic implications, public sentiment, or humanitarian concerns. This diversity of coverage reflects how national perspectives, media freedom, and journalistic priorities influence what the public learns about global events.
How did your country report this? Share your view in the comments.
Sources:
- Original Article
- FTX lawsuit: US judge dismisses claims against Tom Brady, Gisele Bundchen, Kevin O’Leary, Stephen Curry and others
Source: https://www.theverge.com/policy/663502/ftx-celebrity-lawsuit-tom-brady-gisele-kevin-o-leary-steph-curry