FTX Collapse: 2022 NBA Champions Golden State Warriors Named in Class-Action Lawsuit Over FTX Partnership
NBA champions Golden State Warriors are now among the individuals and organizations involved in a recent string of class action lawsuits related to the FTX crash. Multiple reports reveal that the NBA team is now accused of misleading FTX customers about the safety and reliability of the cryptocurrency exchange. The development arrives after Warriors franchise star player Stephen Curry was named alongside other celebrities like Tom Brady and Larry David in a lawsuit alleging that high-profile US sports stars were involved in deceptive practices targeting investors who became victims of FTX’s collapse in the US. Elliott Lam, a Canadian citizen who lives in Hong Kong, filed a class-action lawsuit on Monday in San Francisco federal court for “thousands, if not millions” of people outside the US that trade cryptocurrency on FTX, according to a report by Reuters. FTX founder Sam Bankman-Fried and Caroline Ellison, who headed Bankman-Fried’s Alameda Research trading firm, are also named as defendants in the lawsuit. In the lawsuit, Lam claims that FTX was “falsely representing” a “viable and safe way to …