The legal counsel revealed they were in settlement discussions with more defendants who agreed to engage in mediation once they were dismissed from the lawsuit.
The co-lead counsel of the bankrupt cryptocurrency exchange FTX is making progress in their attempts to claw back funds donated to celebrities, influencers, professional athletes, and teams by the Sam Bankman-Fried led management before the firm’s implosion in November., FTX’s co-lead counsel has voluntarily dismissed a case against crypto influencer Ben Armstrong, popularly known as BitBoy, and reached settlements with three high-profile endorsers of the failed exchange.
Prominent figures like former and current professional basketball players Shaquille O’Neal and Steph Curry, professional tennis player Naomi Osaka, National Football League superstar Tom Brady, Major League Baseball and the National Basketball Association’s Miami Heat and Golden State Warriors franchises were allas defendants in the case. YouTube influencers BitBoy, Kevin Paffrath, and Tom Nash were not left out either.
The counsel also disclosed that they had reached proposed agreements with NFL’s Jacksonville Jaguars quarterback Trevor Lawrence, Paffrath, and Nash to settle the claims that they helped dupe FTX investors.The attorney revealed they were in settlement discussions with more FTX defendants who agreed to engage in mediation once they were dismissed from the lawsuit.
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