FTX’s spectacular collapse in November 2022 resulted in billions of dollars in losses for investors worldwide and triggered criminal charges against its founder, Sam Bankman-Fried, who is currently serving a lengthy prison sentence for fraud. In the wake of this collapse, a group of investors filed suit, alleging that celebrity endorsers and influencers materially contributed to the fraud by promoting FTX without disclosing their financial relationships or the risks involved. The plaintiffs contended that these…

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