Odaily Planet Daily News The NBA Golden State Warriors and Stephen Curry (Stephen Curry) are facing a class action lawsuit over the bankruptcy of FTX. The suit alleges that both the Golden State Warriors and Curry participated in a conspiracy that "substantially aided or encouraged FTX Group's wrongdoing."
“The FTX Group and Defendants made numerous misrepresentations and omissions to Plaintiffs and Class Members regarding the deceptive FTX platform to induce and drive consumer investment, which ultimately turned out to be a Ponzi scheme,” the lawsuit states.
The plaintiffs also allege that the Golden State Warriors "failed to disclose that it was paid by FTX for promoting the sale of unregistered FTX securities." Additionally, the basketball team "had a financial incentive to induce Plaintiffs to invest in FTX" because of the partnership. (Blockworks)