In Re: FTX Cryptocurrency Exchange Collapse Litigation

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Case overview

Case Number:

1:23-md-03076

Court:

Florida Southern

Nature of Suit:

Other Fraud

Multi Party Litigation:

Multi-district Litigation, Class Action

Judge:

K. Michael Moore

Firms

Companies

Government Agencies

Federal Deposit Insurance Corp.

Sectors & Industries:

January 01, 2024
Crypto White Collar Cases To Watch In 2024

The coming year will see the U.S. Securities and Exchange Commission battle with crypto exchanges over how securities laws apply to digital assets, while federal prosecutors will be focused on holding crypto firms and executives responsible for vast compliance failures that happened under their watch.
December 07, 2023
Athletes, YouTubers, Banks Want Out Of FTX Litigation

Attorneys for celebrities, sports figures, prominent investors and financial institutions have rushed a federal court in Florida with briefs contesting personal liability in connection with the collapse of the FTX cryptocurrency exchange, disputing claims that their positive public comments fueled a multibillion-dollar crypto bust.
November 08, 2023
Don't Let Fenwick And Celebs Slip FTX Suit, Investors Say

Defunct cryptocurrency exchange FTX defrauded would-be investors with the help of a BigLaw firm and a roster of celebrities, and they must face multidistrict litigation over their alleged roles in the exchange's extraordinary collapse, the investors told a Miami federal judge days after the conviction of FTX's founder.
October 10, 2023
FTX Investors Can't Pause MDL Against Celeb Endorsers

A Florida federal judge shot down FTX investors' bid to pause their multidistrict litigation against celebrities who endorsed the defunct cryptocurrency exchange, saying it's unclear what information investors would gain by staying the proceedings until after CEO Sam Bankman-Fried's criminal trial concludes.
October 06, 2023
FTX Investors Say Celebs Are 'Scared' To Pause MDL

FTX shareholders responded Friday to opposition by a group of FTX's former celebrity endorsers to pausing the entire multidistrict litigation until after CEO Sam Bankman-Fried's criminal trial concludes, saying the celebrities are "scared" of what the criminal trial may unearth.
October 05, 2023
Celebrities Fight Bid To Delay FTX Investors' MDL

A group of celebrities being sued by FTX shareholders for endorsing the cryptocurrency exchange before it collapsed last year asked a Miami federal judge Thursday to reject a request to pause the multidistrict litigation until after the criminal trial of company founder Sam Bankman-Fried concludes in New York.
September 22, 2023
Fenwick, Celebrities Seek To Toss FTX Investors' Suit

Fenwick & West LLP, several celebrities and others facing investor claims related to the collapse of cryptocurrency exchange FTX have asked a Florida federal court to dismiss the litigation against them.
September 18, 2023
NFL QB And Influencers To Settle In FTX Collapse Suit

Jacksonville Jaguars quarterback Trevor Lawrence is among three defendants who have reached proposed settlements in a multidistrict litigation brought by FTX customers who claim he and other sports and media personalities helped promote the collapsed cryptocurrency exchange.
September 11, 2023
SBF Cites 5th Amendment In Bid To Stall FTX Customers' Suit

Sam Bankman-Fried on Monday asked a Florida federal court to pause FTX customers' proposed class action against him until his upcoming criminal trial has concluded, arguing that his Fifth Amendment rights would be "severely and impermissibly jeopardized" if he's forced to defend the customers' claims before the trial.
August 03, 2023
FTX Customers Can't See Celebrity Contracts, For Now

A Florida federal judge on Thursday blocked a request by former customers of FTX to see the contracts signed by celebrity promoters of the failed crypto exchange, pausing discovery in the case until at least September after celebrities complained about the burdensome and costly demands being placed on them.