The lawsuit alleges that FTX’s U.S. customers have lost about $11 billion and accuses the exchange of enlisting celebrities to target “unsophisticated investors from across the country.”
FTX and Bankman-Fried did not immediately respond to requests for comment.
.“FTX may be the falling domino that finally makes cryptocurrency un-investible for ordinary people,” says James Royal, principal reporter at Bankrate. “If new money ceases to flow into crypto assets, [crypto’s] meteoric rise cannot continue.”
