FTX youtube influencer with a class action law

FTX youtube influencer with a class action law

A group of well-known YouTuber is faced with a class action for FTX investors who claim that the influencers have raised an allegedly fraudulent crypto exchange.

In addition to the advertising for FTX, the creators of the content allegedly advertised the income -strange accounts (YBAS) of the stock exchange, which the lawsuit claimed that they were not registered securities.

Youtuber allegedly advertised the FTX securities that have not been registered

The collective action, which was submitted to the US district court of Southern District of Florida Miami, claims that some prominent YouTube influencers have promoted the sale of YBAS from FTX to their millions of followers, without disclosing how much they were paid by the stock exchange.

"Now evidence has been revealed that influencers have played an important role in the FTX catastrophe, and in fact FTX would not have to rise from thousands of dollars without the massive influence of these influencers, which the deceptive FTX platform for non-open payments in the ten area. Bribes in the amount of several million dollars “

The lawsuit is conducted by Edwin Garrison, a US citizen and residents of Oklahoma, together with other plaintiffs from Canada, Australia and the United Kingdom. The people had YBA accounts at FTX.

The influencers involved in the lawsuit are Kevin Paffrath, Brian Jung, Graham Stephan, Ben Armstrong - in popularly known as "Bitboy" - Tom Nash and Erika Kullberg, from which she is the founder of the talent management company Creatency Agency, who is also a accused in the lawsuit mentioned.

according to the lawsuit removed Paffrath, Stephan and Nash all videos on their YouTube channel, in which they "supported Ftx and Sam Bankman-Fried" after the platform collapsed, and instead posted apology videos and cleared their role in cheering up and causing losses for investors Worth billions of dollars.

Other FTX influencers are faced with complaints

As already reported by cryptopotato the champion of the National Basketball Association (NBA), Shaquille O’Neal, and the Japanese tennis athlete Naomi Osaka could be spared from an FTX law To advertise crypto knowledge.

other well-known personalities involved in the FTX lawsuit are Tom Brady, Gisele Bündchen, Trevor Lawrence and Kevin O’Leary.

Shortly after the case of FTX in November 2022, an individual submitted an action against the Golden State Warriors and claimed that the professional basketball team from San Francisco FTX advertised as a secure platform for investments in cryptocurrency.

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