FTX Bankman-Fried Strikes Deal to Pursue Celeb Promoters for $1.3M

• FTX investors dropped claims against SBF for cooperation in pursuing celebrity promoters.
• SBF will assist in targeting Tom Brady and Shaquille O’Neal, who are accused of promoting FTX.
• The settlement is valued at $1.3 million and includes disclosing SBF’s assets and involvement in the Anthropic AI startup.

A group of investors and customers has reached a new agreement with the disgraced FTX co-founder Sam Bankman-Fried (SBF) to pursue celebrities and promoters. The deal entails dropping claims against Bankman-Fried in exchange for his cooperation against other defendants involved in the lawsuits of FTX’s downfall.

This settlement, subject to judicial approval, would absolve Bankman-Fried of civil liability. It comes just weeks after he received a 25-year prison sentence for fraud related to the misappropriation of billions of dollars from FTX. As part of the agreement filed in federal court in Miami, plaintiffs in the multi-district litigation have agreed to resolve all claims against him now and in the future.

Other FTX insiders have also agreed to settle and provide information to support the p…

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