Posted 9/17/2023, 11:05:13 PM

NFL's Trevor Lawrence Among YouTube Stars Settling FTX Promotion Lawsuits

NFL quarterback Trevor Lawrence settled lawsuit over FTX sponsorship deal for undisclosed amount
YouTube influencers Tom Nash and Kevin Paffrath also settled lawsuits related to promoting FTX before its collapse
Lawrence received over $200k from FTX subsidiary Blockfolio as part of 2021 sponsorship deal
Nash and Paffrath both scrubbed FTX promotions from their YouTube channels after exchange's failure
Settlements come as FTX faces cyberattack and begins selling off billions in crypto assets as part of bankruptcy case

decrypt.co

Relevant topic timeline:

8/21/2023

FTX Debtors Revise Settlement Proposal After Objection From U.S. Trustee

Bankrupt crypto exchange FTX has revised its settlement motion after objections from the U.S. Trustee, proposing revisions to address concerns such as reducing the maximum settled value for claims covered by the procedures from $10 million to $7 million and including the U.S. Trustee as a noticed party.

9/10/2023

FTX Sues LayerZero Labs to Recoup $21 Million Transferred Days Before Bankruptcy Filing

Crypto exchange FTX has filed a lawsuit against LayerZero Labs, seeking the return of $21 million in funds that were allegedly illegally withdrawn prior to FTX's shutdown in November 2022.

9/16/2023

Trevor Lawrence settles lawsuit over role promoting collapsed FTX exchange

Three celebrity endorsers of the failed FTX cryptocurrency exchange, including NFL quarterback Trevor Lawrence, have agreed to settle claims that they helped dupe investors who lost billions in the meltdown of Sam Bankman-Fried's digital-asset empire.

9/17/2023

FTX Restores Customer Claims Portal with New Security after Cyberattack, Over 36K Claims Worth $16B Filed So Far

Bankrupt cryptocurrency exchange FTX has reopened its customer claims portal with enhanced security measures, allowing claimants to submit claims for their assets held on the exchange before it went insolvent. The breach did not affect account passwords or funds, and the claims portal is available to users of various FTX platforms. The Delaware Bankruptcy Court has also granted approval for the sale of FTX's digital assets, with certain restrictions.

9/18/2023

NFL Star Lawrence and YouTube Stars Settle FTX Promotion Lawsuit

Three celebrity promoters of the failed FTX cryptocurrency exchange, Trevor Lawrence, Kevin Paffrath, and Tom Nash, have opted to settle the case against them, while other celebrities, including Shaquille O’Neal and Tom Brady, are still engaged in confidential discussions regarding potential settlements.

9/19/2023

FTX Debtors Sue SBF's Parents, Allege Misappropriation of Millions in FTX Funds

Parents of FTX founder, Sam “SBF” Bankman-Fried, are being sued by FTX debtors for allegedly misappropriating millions of dollars through their involvement in the cryptocurrency exchange.

9/22/2023

Crypto Markets Mixed as Bitcoin Slips, Top Performers Rise and FTX Sues Former Employees

Bitcoin traded slightly downward, Toncoin and Chainlink's LINK token were top performers, FTX sued former employees to recover $157.3 million, and Binance and Zhao filed to dismiss a SEC lawsuit in Thursday's cryptocurrency news.