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NFL Quarterback Trevor Lawrence and 2 YouTube Influencers Settle FTX Case
NFL team Jacksonville Jaguars' quarterback Trevor Lawrence and YouTube influencers Kevin Paffrath and Tom Nash agreed to undisclosed terms, while BitBoy has been dismissed from the case.
As Sam Bankman-Fried prepares for a trial defense in Manhattan next month, three celebrity promoters of his failed FTX cryptocurrency exchange have opted to settle the case, according to court filings.
NFL team Jacksonville Jaguars' quarterback Trevor Lawrence and YouTube influencers Kevin Paffrath and Tom Nash agreed to settle the case on undisclosed terms. The final court order acknowledging the settlement and removing them from the case is awaiting a sign-off from U.S. Judge K. Michael Moore.
STORY CONTINUES BELOW
Other celebrities who have been sued for promoting FTX include the likes of Shaquille O’Neal, Tom Brady, Gisele Bundchen, and Steph Curry. Lawyers leading the case against the celebrities said in the filing that they are engaged in confidential discussions, and there is a “likelihood that other FTX settlements will be reached,” according to court filings.
Court filings also show that crypto influencer Ben "BitBoy" Armstrong has been dismissed from the case. Armstrong "has not served an answer or motion for summary judgment," the filing says.
Read More: DOJ Slams Sam Bankman-Fried’s ‘Intrusive’ Proposed Jury Questions
Amitoj Singh
Amitoj Singh is a CoinDesk reporter focusing on regulation and the politics shaping the future of finance. He also presents shows for CoinDesk TV on occasion. He has previously contributed to various news organizations such as CNN, Al Jazeera, Business Insider and SBS Australia. Previously, he was Principal Anchor and News Editor at NDTV (New Delhi Television Ltd.), the go-to news network for Indians globally. Amitoj owns a marginal amount of Bitcoin and Ether below CoinDesk's disclosure threshold of $1,000.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.
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Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
What to know:
- Ten major fintech and crypto trade associations have urged President Trump to stop big banks from imposing fees that could hinder innovation and competition.
- JPMorgan's plan to charge for access to consumer banking data may debank millions and threaten the adoption of stablecoins and self-custody wallets.
- The CFPB's open banking rule, which mandates free consumer access to bank data, is under threat as banks have sued to block it, and the CFPB has requested its vacatur.
