FTX exchange investors might drop lawsuit against SBF if he aids case against celebrity endorsers
FTX exchange investors are willing to drop their case against Sam Bankman-Fried provided he assists in legal proceedings against celebrities who endorsed the exchange. The proposed settlement included Bankman-Fried offering significant evidence against Tom Brady, Shaquille O’Neal, and Gisele Bundchen, who are accused of sponsoring a Ponzi scheme. As per the suggested agreement, Bankman-Fried would provide comprehensive information on FTX’s activities and associated entities, provide relevant investment records, and submit a sworn statement verifying his financial liabilities exceeding his assets. As a result, all existing and prospective accusations against him would be dropped. The settlement agreement, which is part of