Sam Bankman-Fried Cooperates with FTX Investors to Pursue Celebrities in Lawsuits

As part of a settlement, Sam Bankman-Fried will assist FTX investors in their lawsuits against celebrity promoters following the exchange's collapse.

Sam Bankman-Fried, recently sentenced to 25 years for fraud, has agreed to help FTX investors in their lawsuits against celebrity endorsers such as Tom Brady and Gisele Bundchen.
The agreement, pending court approval, absolves Bankman-Fried of civil liabilities and requires him to provide crucial documents and information.
Celebrities like Steph Curry, Shaquille O'Neal, and Naomi Osaka, who promoted FTX, are among those being sued by investors.
FTX co-defendants and insiders, including Caroline Ellison and Gary Wang, have also made similar settlement agreements to aid investors.
The settlements aim to support the ongoing multi-district litigation and enhance the investors' chances of recovery.