The Golden State Warriors were named in a lawsuit Monday alleging the bankrupt cryptocurrency exchange FTX used the reigning NBA champions to fraudulently promote its platform.
The Golden State Warriors were named in a lawsuit Monday alleging the bankrupt cryptocurrency exchange FTX used the reigning NBA champions to fraudulently promote its platform, as more sport enterprises continue to distance themselves after FTX’s recent collapse.Key Facts
Elliott Lam, a Canadian citizen and Hong Kong resident, sued the Warriors, FTX founder Sam Bankman-Fried and Alameda Research CEO Caroline Ellison in San Francisco. Lam claims he lost $750,000 in his FTX account after using the now-bankrupt cryptocurrency exchange and is seeking damages in the proposed class-action suit for anyone with a FTX yield-bearing account located outside of the U.S.
Lam alleges the Warriors, Bankman-Fried and Ellison promoted FTX as a “viable and safe way to invest in crypto” and “reasonably should have known that all these claims … were untrue or misleading.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
FTX User Sues Golden State Warriors For Promoting Crypto PlatformThe reigning NBA champions paused all FTX-related promotions last week.
Consulte Mais informação »
NBA champion Golden State Warriors are sued over FTX collapseThe Golden State Warriors were sued on Monday by an FTX customer who accused the reigning National Basketball Association champions of fraudulently promoting the now-bankrupt cryptocurrency exchange.
Consulte Mais informação »
Warriors 127, Rockets 120: Houston falls in fight with Golden StateThis was not the young team learning how to play and melting down against the been-there,...
Consulte Mais informação »
Klay Thompson catches fire for 41 points, Warriors get first road win against Houston RocketsGolden State Warriors’ get first road victory, Klay Thompson hits 10 3-pointers
Consulte Mais informação »
FTX hacker dumps 50,000 ETH, still among top 40 Ether holdersThe FTX hacker drained nearly $447 million out of multiple FTX global and FTX.US exchange wallets just hours after the crypto exchange filed for Chapter 11 bankruptcy on Nov. 11.
Consulte Mais informação »