Long listing of celeb endorsers named in crypto/NFT lawsuits1 min read
Movie star endorsements have been a factor for years however a slew of appearances by A-list stars shilling comparatively new cryptocurrencies and NFTs whereas the markets had been roaring has come again round as values have tanked and disgruntled buyers are searching for authorized redress for feeling duped.
Now, lots of these celebrities, a few of whom struck multimillion-dollar endorsement offers, are discovering themselves concerned in lawsuits as co-defendants alongside the businesses that hoped to leverage star energy to drive curiosity of their merchandise.
Federal regulators are additionally scrutinizing the promotional offers and, in some instances, issuing fines for disclosure failures.
Lawsuits rope in film stars, sports activities stars
A bunch of buyers within the failed cryptocurrency trade FTX named a slew of star endorsers in an motion filed in November 2022. They embody Larry David, Tom Brady, Giselle Bundchen, Steph Curry, Shaquille O’Neal, Naomi Osaka and others.
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