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FTX and Star Backers Including Brady, Curry Sued by Investor

  • Investor seeking class action status says they duped consumers
  • Suit comes as authorities probe implosion of crypto exchange
Tom Brady
Tom Brady

Photographer: Mike Ehrmann/Getty Images

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FTX and former chief executive officer Sam Bankman-Fried were sued by an investor over claims that the cryptocurrency exchange now in crisis targeted “unsophisticated investors” using celebrity endorsers including Tom Brady and Stephen Curry, who are also named as defendants.

In a complaint filed Tuesday in federal court in Miami, Oklahoma resident Edwin Garrison is asking to represent a class of “thousands, if not millions, of consumers nationwide.” That includes all investors in the US who were enrolled in yield-bearing FTX crypto accounts, which he alleges constitute unregistered securities in violation of US and Florida laws.