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.
Source: New York Post