A Florida federal judge dismissed most of the claims against celebrities and YouTubers who promoted the failed cryptocurrency exchange FTX, according to CNBC. U.S. District Judge K. Michael Moore ruled that the plaintiffs failed to show the stars had sufficient knowledge of FTX’s fraud or intent to deceive. He cleared defendants like Tom Brady, Stephen Curry, Kevin O’Leary, Larry David, and others of federal advertising and civil conspiracy claims. The court also dismissed nearly all claims against YouTube influencers who allegedly promoted FTX. Two claims related to state securities law violations in Florida and Oklahoma remain active.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02A Florida federal judge dismissed most of the claims against celebrities and YouTubers who
00:06promoted the failed cryptocurrency exchange FTX, according to CNBC. U.S. District Judge
00:11K. Michael Moore ruled that the plaintiffs failed to show the stars had sufficient knowledge of
00:15FTX's fraud or intent to deceive. Declared defendants like Tom Brady, Stephen Curry,
00:20Kevin O'Leary, Larry Davin, and others of federal advertising and civil conspiracy claims.
00:25The court also dismissed nearly all claims against YouTube influencers
00:28who allegedly promoted FTX. Two claims related to state securities law violations
00:33in Florida and Oklahoma remain active.
00:35For all things money, visit Benzinga.com slash GSTV.