Mondo News

All of the latest tech and science news from all over the world.

Golden State Warriors are sued over FTX crypto collapse

Elliott Lam, a Canadian citizen and Hong Kong resident who said he lost $750,000 in his FTX yield-bearing account, filed his proposed class-action lawsuit in San Francisco federal court.

Lam accused the defendants of falsely representing that FTX was a “viable and safe way to invest in crypto,” in order to deceive consumers into investing there.

The lawsuit seeks unspecified damages for people outside the United States with FTX yield-bearing accounts.

Spokespeople for the Warriors did not immediately respond to requests for comment.

It paused promotions related to FTX last week, according to published reports.

Category: Technology

Source: New York Post

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: