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Celebrity Endorsements Under Scrutiny
The FTX collapse drew attention to celebrity endorsers like Tom Brady and Stephen Curry, who faced lawsuits from investors. A Florida judge recently dismissed most claims against them, ruling that plaintiffs failed to prove the celebrities knew of FTXโs fraud. This decision underscores the challenges of holding promoters accountable in crypto scandals. While creditors focus on recovering funds, the ruling highlights the broader issue of trust and accountability in cryptocurrency endorsements, leaving investors cautious about future platform promotions.
