The former FTX CEO has agreed to lend his support to a class-action lawsuit, filed by a group of FTX investors in November 2022, against a handful of celebrities, including Larry David, Tom Brady, Shaquille O'Neal, the Golden State Warriors, and Naomi Osaka, who endorsed the crypto exchange.

Fried’s failed crypto exchange have agreed to drop their claims against the jailed ex-billionaire in exchange for his cooperation in other lawsuits over

Sam Bankman-Fried was sentenced to 25 years in prison on seven felony charges, while Changpeng Zhao received just four months for AML charges.

Bankman-Fried’s one-time friends and co-defendants Caroline Ellison, Gary Wang, and Nishad Singh have already settled with the investors.

Referring to comments made about Bankman-Fried, explain the aims of custodial sentencing

Fried, the founder of crypto exchange FTX who went from the 41st richest person in America to broke faster than any billionaire in history,

FTX founder Sam Bankman-Fried has agreed to work with prosecutors to gather information on celebrities who took money for endorsements.

A group of FTX investors and customers has agreed to drop their claims against co-founder Sam Bankman-Fried in exchange for his cooperation against other defendants in a sprawling set of lawsuits over the cryptocurrency exchange’s collapse.

Sam Bankman-Fried secures his release from civil liability and pledges cooperation in ongoing litigation through a settlement with FTX investors.

Imprisoned Sam Bankman-Fried has signed an agreement with some FTX investors who are dropping their class action lawsuit against him in exchange for his help as they go after celebrity promoters who endorsed the collapsed exchange.