The fluctuations of the FTX cryptocurrency exchange significantly affected the sports industry, leading to ongoing legal disputes involving various high-profile figures. Recently, a judge ruled in favor of several celebrity promoters, including Tom Brady and Steph Curry, clearing them of most allegations made against them.
Steph Curry, Tom Brady and other celebrities have been ruled out of the claims of most FTX investors. https://t.co/7wubtuimng
– CNBC (@cnbc) May 8, 2025
For additional information, here’s a CNBC story by Mackenzie Cigarros:
A federal judge in Florida dismissed most claims against well-known celebrities and YouTubers linked to the now-closed FTX exchange, such as Tom Brady, Gisele Bundchen, Kevin O’Leary, and Stephen Curry.
This decision reduces the breadth of a large multi-district lawsuit that accused these figures of leveraging their celebrity status to promote a fraudulent platform.
In documents submitted on Wednesday, US District Judge K. Michael Moore stated that FTX investors did not adequately prove that the celebrities were aware of any wrongdoing by FTX and its CEO, Sam Bankman-Fried.
Consequently, nearly all claims against the “celebrity defendants” were dismissed, including those involving Shohei Ohtani, Larry David, the Golden State Warriors, Udonis Haslem, David Ortiz, and Naomi Osaka.
The lawsuit also mentions Shaquille O’Neal and Trevor Lawrence, but notes that their participation in the claims against FTX has already been resolved. It’s interesting to consider that Brady has been reported to earn $55 million every year over a three-year period, a situation that appears to have diminished the claims against other defendants, including Curry.
