Class-action lawsuit alleges that the crypto platform FTX and former CEO Sam Bankman-Fried violated Florida law, misled customers and cost investors billions of dollars in damages.
to the Securities and Exchange Commission to settle charges over its offering of such yield-bearing accounts .
The lawsuit states that a part of FTX's scheme was to enlist celebrities"to raise funds and drive American consumers to invest in the YBAs" to keep the exchange afloat.
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