With the implosion of Sam Bankman-Fried’s FTX dominating the headlines, celebrities who hawked cryptocurrency are now finding themselves under fresh legal scrutiny.
, essentially transforming digital works of art and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the blockchain. The Bored Ape Yacht Club is a collection of 10,000 pieces of digital NFT art living on the ethereum blockchain.
None of the celebrities named in the lawsuits immediately responded to requests from CNN for comment.by an FTX investor for their endorsement of the now-disgraced crypto platform, and then Brady and Ortiz were named again in early December in a similar lawsuit for their backing of FTX. The lawsuits allege that these public figures did not properly disclose their own involvement with digital financial institutions.
Investors in FTX are not expected to be able to recover their money, the company’s CEO testified on Capitol Hill Tuesday. And people who poured money into Bored Ape NFTs are finding their investments aren’t worth what they paid for them, as the NFT market has imploded.RELATED:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gisele Bündchen Is a Vision in Gold on First Red Carpet Since Tom Brady DivorceShe's back.
Read more »
Gisele Bündchen glitters in gold on first red carpet since Tom Brady divorceThe supermodel wore a shimmering frock with cut-out detail as she stepped out for jewelry brand Vivara’s 60th anniversary event in Brazil last night.
Read more »
Tom Brady almost forgot his family after Buccaneers got ‘ass kicked’ by 49ersTom Brady — a Bay Area native — had plenty of family in attendance for the Buccaneers game against the 49ers in Santa Clara.
Read more »
Tom Brady says he's 'actually a good sport' after signing a ball Dre Greenlaw interceptedSan Francisco 49ers linebacker Dre Greenlaw said he had a 'fangirl' moment when Tampa Bay Buccaneers quarterback Tom Brady signed a ball that he intercepted. The encounter was less pleasant for Brady.
Read more »
Gisele Bündchen steps out for first red carpet event since Tom Brady divorceGisele Bündchen appeared at her first red carpet event two months after finalizing her divorce from ex Tom Brady. The supermodel attended an anniversary dinner for Vivara in Brazil.
Read more »
Tom Brady would be welcomed back to Patriots with 'all open arms,' says Rob GronkowskiNo one knows Tom Brady like Rob Gronkowski. So when Gronk says the New England Patriots would welcome back Brady with open arms, you feel inclined to believe it.
Read more »