{"id":62313,"date":"2023-09-18T03:43:25","date_gmt":"2023-09-18T07:43:25","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/trevor-lawrence-and-two-other-celebrities-settle-ftx-lawsuit\/"},"modified":"2023-09-18T03:43:28","modified_gmt":"2023-09-18T07:43:28","slug":"trevor-lawrence-and-two-other-celebrities-settle-ftx-lawsuit","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=62313","title":{"rendered":"Trevor Lawrence and Two Other Celebrities Settle FTX Lawsuit"},"content":{"rendered":"
\n

Three high-profile figures, including NFL quarterback Trevor Lawrence and popular YouTubers Kevin Paffrath and Tom Nash, have chosen to settle a lawsuit relating to their promotional activities for the now-defunct cryptocurrency exchange FTX.\u00a0<\/p>\n

While the exact terms of the settlements have not been disclosed, it has been confirmed that the three celebrities have opted to settle the case.\u00a0<\/p>\n

The final court order formalizing the settlements awaits approval from U.S. Judge K. Michael Moore.<\/p>\n

Lawyers involved in the case have revealed that confidential discussions are ongoing, suggesting the potential for additional settlements in the future.<\/p>\n

Crypto Influencer BitBoy Dismissed from the Lawsuit<\/h2>\n

Crypto influencer Ben “BitBoy” Armstrong has been dismissed from the lawsuit, with the court filing noting that he did not serve an answer or motion for summary judgment.<\/p>\n

The legal actions stem from high profile sponsorship deals that these individuals had with FTX before the exchange’s collapse last year.\u00a0<\/p>\n

Lawrence, the NFL quarterback for the Jacksonville Jaguars, faced allegations of misleading investors in FTX.\u00a0<\/p>\n

He reportedly settled the suit for an undisclosed sum. As revealed in an August 31 filing with the U.S. Bankruptcy Court, Lawrence had received $205,555.35 from Blockfolio, an FTX subsidiary, in 2021.<\/p>\n

Tom Nash, a prominent YouTube influencer, was also a recipient of payments from FTX for endorsement purposes, as indicated in a class-action complaint filed against him and other influencers by the Moskowitz Law Firm in March.\u00a0<\/p>\n

The lawsuit against Lawrence, Paffrath, and Nash is part of a broader legal action targeting celebrities who promoted FTX.\u00a0<\/p>\n

Legal Action Underway Against Other Celebrities<\/h2>\n

These three individuals are among a larger group of celebrities who were engaged by FTX before its downfall.\u00a0<\/p>\n

Legal action is currently underway against other celebrities, including former NFL quarterback Tom Brady, his ex-wife Gisele Bundchen, former NBA player Shaquille O’Neal, and tennis star Naomi Osaka, who also endorsed the exchange.<\/p>\n

Following FTX’s collapse, Nash, like other influencers, removed content related to the company and its founder, Sam Bankman-Fried, from his channels.<\/p>\n

Nash, an Australian citizen, initially did not respond to the lawsuit, leading to a request by Moskowitz to serve the lawsuit via Twitter.<\/p>\n

Kevin Paffrath, known for his ‘Meet Kevin’ YouTube channel with 1.88 million subscribers, publicly acknowledged his previous sponsorship by FTX in a video in November 2022, expressing regret over his association with the exchange.\u00a0<\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Three high-profile figures, including NFL quarterback Trevor Lawrence and popular YouTubers Kevin Paffrath and Tom Nash, have chosen to settle a lawsuit relating to their promotional activities for the now-defunct cryptocurrency exchange FTX.\u00a0 While the exact terms of the settlements have not been disclosed, it has been confirmed that the three celebrities have opted to […]<\/p>\n","protected":false},"author":1,"featured_media":62314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-62313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\nTrevor Lawrence and Two Other Celebrities Settle FTX Lawsuit | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Three high-profile figures, including NFL quarterback Trevor Lawrence and popular YouTubers Kevin Paffrath and Tom Nash, 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