Tom Brady and other celebrity promoters sued by crypto investors

Posted by Ed 10 days ago 

U.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including NFL quarterback Tom Brady and comedian Larry David, claiming they engaged in deceptive practices to sell FTX yield-bearing digital currency accounts. 

The proposed class action filed on Tuesday night in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the United States. 

The lawsuit seeks damages from Bankman-Fried and 11 athletes and other celebrities who promoted FTX, including David, the creator of "Seinfeld" and "Curb Your Enthusiasm." 

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Ed 10 days ago
The Next Crypto Domino to Fall?

Major crypto player Genesis Global Capital suspended customer redemptions in its lending business on Wednesday, citing the sudden failure of crypto exchange FTX, while court papers showed FTX founder Sam Bankman-Fried faces legal action.


FTX filed for bankruptcy protection in the United States on Friday in the highest-profile crypto blowup to date, after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal. After a flurry of tweets and interviews by Bankman-Fried, FTX said he "has no ongoing role" at the company and does not speak on its behalf. 

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Ed 9 days ago,c_limit,f_webp,q_auto:good,fl_progressive:steep/
Sam Bankman-Fraud: Game Planet Pavlovian Humans - FTX, Online Poker & Social Media Zero sum games where both the criminals and their victims all get dopamine fixes.

This substack has previously exposed the crimes of Sam Bankman-Fraud, who was nothing more than the crypto “genius” CEO version of Bernie Madoff meets Elon Musk.

FTX was always inextricably tied to the WEF, UN, Democrat party, Wall Street, and all of the other criminal One World Gov entities.

But an incredibly important and grossly underreported fact about FTX and their criminal chief regulatory officer further sheds light on their true origin story:
The FTX chief regulatory officer was Daniel Friedburg behind the Poker cheating scandals at UltimateBet and AbsolutePoker and instrumental in the cover ups. 

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Ed 7 days ago
Hong Kong's leading crypto retail operator says it ceases trading as FTX fallout roils sector

A leading cryptocurrency retail service provider in Hong Kong said it has ceased trading as the broader fallout from the collapse of FTX, and solvency issues at other major crypto firms, continues to roil the sector.

Genesis Block, which at one time operated one of Asia's biggest bitcoin ATM networks, said it would be closing down its over-the-counter trading portal on Dec. 10, according to an email to customers sent by its compliance department reviewed by Reuters.

"We have ceased trading, as we don't know which counterparties would fail next, so we would rather close out all our positions to regain some of our liquidity," chief executive Wincent Hung told Reuters this week.

The company is also asking customers to withdraw their funds, the email shows, and will not accept new customers. 

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Ed 6 days ago
Let's take a look at the 'Mastermind' behind FTX 

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Ed 6 days ago
Collapsed cryptocurrency exchange FTX had ties to Ukrainian government, WEF, and top Biden adviser

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Ed 5 days ago
An interesting explanation of Cryptocurrencies - watch

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Ed 5 days ago
CRYPTO KINKO: FTX bro's ex Caroline Ellison on BDSM, orgies, pills

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Ed 3 days ago
I Agree: Don’t Regulate Crypto, Let it Burn. Making Good Progress on its Own
By letting it burn, it won’t get big enough to cause major contagion outside of crypto.
Lose $1.7 billion on $519 Million in Revenue? Bitcoin Miner SPAC Core Scientific Shows How. Bankrupt a Year after Going Public?  Consensual hallucination was required to pull this off.

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