NBA champion Golden State Warriors are sued over FTX collapse

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NBA champion Golden State Warriors are sued over FTX collapse
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The 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.

Nov 21 - The Golden State Warriors were sued on Monday by an FTX customer who accused the reigning National Basketball Association champions of fraudulently promoting the now-bankruptElliott Lam, a Canadian citizen and Hong Kong resident, filed his proposed class-action lawsuit in San Francisco federal court on behalf of "thousands, if not millions" of people outside the United States who traded on FTX's platform.

Lam accused the defendants of falsely representing that FTX was a "viable and safe way to invest in crypto," in order to deceive people into investing there.

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