Crypto Users Willing To Drop Lawsuit Against SBF For FTX Influencers

Crypto Users Willing To Drop Lawsuit Against SBF For FTX Influencers

Published Saturday 20th April 2024

Crypto users who had filed a lawsuit against Sam Bankman-Fried (SBF), the former CEO of FTX, are now considering dropping the legal action in exchange for his cooperation against influencers associated with the FTX platform. This proposed settlement comes as a potential resolution to the ongoing legal battle between the parties. The users had previously accused SBF of misleading marketing practices and promoting risky trading behavior through FTX influencers.

FTX investors are also contemplating dropping their claims against Sam Bankman-Fried as part of the same settlement agreement. The agreement includes SBF providing cooperation in the lawsuit against celebrities who were involved in the promotion of FTX. This development indicates a possible shift in the legal strategy pursued by the investors, with a focus on leveraging SBF's assistance to target influencers for their alleged role in misleading marketing tactics.

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