A judge dismissed most claims against celebrities like Tom Brady and Larry David in a lawsuit involving the collapsed crypto exchange FTX. The investors failed to prove that the stars were aware of the fraudulent activities at FTX. The lawsuit also named Stephen Curry, Naomi Osaka, the Golden State Warriors, and Kevin O'Leary. While the celebrities were criticized for being uninformed or negligent, the judge stated that there was no evidence of their involvement in FTX's fraud. The plaintiffs have the option to amend their complaint and sue the celebrities again. The lawsuit regarding the promotion of unregistered securities is still ongoing. FTX, once a prominent crypto brand, faced downfall due to mismanagement by its CEO, Sam Bankman-Fried, leading to bankruptcy and loss of investor funds. Bankman-Fried is currently serving a jail sentence for fraud. Read more AI-generated news on: https://app.chaingpt.org/news