Coin

<ul class="news-points">
 <li>FTX investors dropped claims against SBF for cooperation in pursuing celebrity promoters.</li>
 <li>SBF will assist in targeting Tom Brady and Shaquille O’Neal, who are accused of promoting FTX.</li>
 <li>The settlement is valued at $1.3 million and includes disclosing SBF’s assets and involvement in the Anthropic AI startup.</li>
</ul>
A group of investors and customers has <a href="https://www.bloomberg.com/news/articles/2024-04-19/ftx-investors-settle-with-sam-bankman-fried-to-pursue-promoters" target="_blank" rel="noopener noreferrer nofollow">reached</a> a new agreement with the disgraced FTX co-founder Sam Bankman-Fried (SBF) to pursue celebrities and promoters. The deal entails dropping claims against Bankman-Fried in exchange for his cooperation against other defendants involved in the lawsuits of FTX’s downfall.
This settlement, subject to judicial approval, would absolve Bankman-Fried of civil liability. It comes just weeks after <a href="https://coinedition.com/ftx-co-founder-sbf-appeals-25-year-sentence-for-fraud-conviction/" rel="noopener noreferrer nofollow">he received a 25-year prison sentence</a> for fraud related to the misappropriation of billions of dollars from FTX. As part of the agreement filed in federal court in Miami, plaintiffs in the multi-district litigation have agreed to resolve all claims against him now and in the future.
Other FTX insiders have also agreed to settle and provide information to support the p…
The post <a href="https://coinedition.com/ftx-bankman-fried-strikes-deal-to-pursue-celeb-promoters-for-1-3m/" rel="noopener noreferrer nofollow">FTX Bankman-Fried Strikes Deal to Pursue Celeb Promoters for $1.3M</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

FTX Bankman-Fried Strikes Deal to Pursue Celeb Promoters for $1.3M

Coin Edition

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