FTX Users Accusing Mercedes Benz F1 in Massive Fraud

Celebrities, Including Shaq and Brady, in FTX Lawsuit

FTX users file separate class action lawsuits, accusing Mercedes-Benz F1 and MLB of supporting FTX's massive fraud through promotional deals. According to the lawsuits, by supporting FTX, both companies promoted unregistered securities and established a "veneer of trustworthiness." 

Celebrities, including Shaquille O’Neal and Tom Brady, face similar accusations in ongoing lawsuits. Sam Bankman-Fried, the founder of FTX, was recently found guilty on fraud, conspiracy, and money laundering charges.