FTX exchange investors are willing to drop their case against <a href="https://optimisus.com/news/crypto-news/ftx-founder-sam-bankman-fried-sentenced-to-25-years/" rel="noopener noreferrer nofollow">Sam Bankman-Fried</a> provided he assists in legal proceedings against celebrities who endorsed the exchange.  
The proposed settlement included Bankman-Fried offering significant evidence against Tom Brady, Shaquille O'Neal, and Gisele Bundchen, who are accused of sponsoring a Ponzi scheme.  
As per the suggested agreement, Bankman-Fried would provide comprehensive information on FTX's activities and associated entities, provide relevant investment records, and submit a sworn statement verifying his financial liabilities exceeding his assets.  
As a result, all existing and prospective accusations against him would be dropped. The settlement agreement, which is part of a broader consolidation of other cases against FTX promoters, is now awaiting approval from the court in the Southern District of Florida.  
The current scenario emphasizes the intricate legal issues that have emerged as a result of the FTX crash and has the potential to affect both celebrities and the wider crypto industry. Last month, <a href="https://optimisus.com/market/market-news/is-justin-sun-htx-exchange-at-risk-of-becoming-the-next-sbf-analyst-warns/" rel="noopener noreferrer nofollow">SBF</a>, the ex-CEO of FTX, has <a href="https://optimisus.com/news/crypto-news/ftx-founder-sam-bankman-fried-sentenced-to-25-years/" rel="noopener noreferrer nofollow">received a 25-year jail term</a> for his involvement in the downfall of the crypto exchange. 
The post <a href="https://optimisus.com/news/crypto-news/ftx-exchange-investors-might-drop-lawsuit-against-sbf-if-he-aids-case-against-celebrity-endorsers/" rel="noopener noreferrer nofollow">FTX exchange investors might drop lawsuit against SBF if he aids case against celebrity endorsers</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

FTX exchange investors might drop lawsuit against SBF if he aids case against celebrity endorsers

Optimisus

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