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Thursday, December 8, 2022
HomeCryptoKaplan Fox Continues Its Investigation Relating to Cryptoforeign money Agency FTX |...

Kaplan Fox Continues Its Investigation Relating to Cryptoforeign money Agency FTX | News

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NEW YORK, Nov. 23, 2022 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP ( www.kaplanfox.com ) is continuous its investigation of potential claims regarding the crypto trade platform FTX Trading LTD d/b/a FTX, FTX US, their founder and CEO Sam Bankman-Fried, and Alameda Research, a associated occasion cryptocurrency  buying and selling agency.

If you’ve got been affected by the current revelations regarding FTX and wish to talk about our investigation, please contact us by emailing jcampisi@kaplanfox.com or by calling (212) 329-8571.

On November 22, 2022, Reuters reported that “Crypto exchange FTX was on the radar of federal prosecutors in Manhattan months before its collapse, Bloomberg News reported on Monday citing people familiar with the investigation. The U.S. Attorney’s Office for the Southern District of New York spent months working on a sweeping examination of cryptocurrency platforms that have U.S. and offshore arms including FTX’s massive exchange operations, the report added.”

On November 23, 2022, Bloomberg News revealed an article titled “From Tom Brady to Shaq, FTX’s Celebrity Promoters May Be On the Hook for Damages” that acknowledged that at “least three lawsuits have been filed since FTX’s implosion, including one that seeks to represent ‘thousands, if not millions, of consumers nationwide.’ Tom Brady, Gisele Bundchen, Stephen Curry, Shaquille O’Neal and businessman and TV personality Kevin O’Leary are also among the defendants. . . FTX’s sudden collapse cost US investors more than $11 billion, according to the Miami lawsuit filed Nov. 15. The platform, with 5 million users worldwide, traded more than $700 billion of crypto last year. ‘The celebrities’ liability hinges mainly on whether the products they promoted are securities,’ . . . said Shane Seppinni, who represents people suing over alleged corporate abuse and who isn’t involved in the FTX cases. If FTX’s yield-bearing accounts, which pay interest on crypto holdings, are found to be securities, ‘then the celebrities who promoted them could be on the hook for big damages,’ he said.”

This press launch could also be thought-about Attorney Advertising in some jurisdictions below the relevant legislation and moral guidelines.

WHY CONTACT KAPLAN FOX – Kaplan Fox is a number one nationwide legislation agency specializing in advanced litigation with places of work in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of expertise in advanced litigation, Kaplan Fox gives the skilled expertise and observe file that shoppers demand. Through prosecuting instances on the federal and state ranges, Kaplan Fox has efficiently formed the legislation by profitable many essential choices on behalf of our shoppers. For extra details about Kaplan Fox & Kilsheimer LLP, you might go to our web site at www.kaplanfox.com.

If you’ve got any questions on this investigation, please contact:

Jeffrey P. Campisi

KAPLAN FOX & KILSHEIMER LLP

850 Third Avenue, 14th Floor

New York, New York 10022

(212) 329-8571

E-mail: jcampisi@kaplanfox.com

Laurence D. King

KAPLAN FOX & KILSHEIMER LLP

1999 Harrison Street, Suite 1560

Oakland, California 94612

(415) 772-4704

Fax: (415) 772-4707

E-mail: lking@kaplanfox.com

Copyright 2022 GlobeNewswire, Inc.

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