The Golden State Warriors are the late business organization to find themselves on the receiving end of class activity lawsuits alleging them of lead astray FTX customer about the safety and dependableness of the flailing cryptocurrency program . The suit , first report byReuters , comes on the heel ofanotherclass activity suit accusing prominent celebrities like Tom Brady and Larry David of engaging in fraudulent activity to serve prop up an alleged FTX - led “ Ponzi outline . ”
The suspect in the Golden State Warriors ’ sheath , Canadian citizen and Hong Kong resident Elliott Lam , reportedly claimed he filed his case on behalf of thousands , or potentially even millions , of FTX dealer who may have been misled by the squad ’s association night with the weapons platform . The Warriors , whichannounceda “ first - of - it ’s kind ” partnership with FTX last December , allegedly falsely represented FTX as a safe and authentic platform , according to the suit . Lam , who claims he lose $ 750,000 during FTX ’s recent historical nuclear meltdown , seek scathe for FTX users outside the U.S. who held return bearing accounts . FTX traders , and founder Sam Bankman - Fried , collectively lose billions in recent weeks as the fellowship scrambled during a sudden fluidity crisis . The troupe file away forbankruptcylast calendar week .
The partnership between the Warriors and FTX saw the basketball game dealership deteriorate exclusive NFT ingathering on the platform . FTX also had their logo most placed on the Warrior ’s esports team ’s court during NBA 2 K League game , and on magnetic pole pads and press tables for the Santa Cruz warrior . Meanwhile , on the other side of the country , FTXspenta whopping $ 135 million to adopt the naming rights for the Miami Heat ’s basketball arena .
Photo: Maddie Meyer (Getty Images)
Lam ’s class action causa follow days after the Warriorsannouncedthey would pause all FTX - related promotional assets . A spokesperson for the Warriors order Reuters it , “ does not talk about pending sound matter . ”
Sam Bankman - FriedTom Brady
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