Sam Bankman-Fried will work with investors to form a class action lawsuit against celebrities who advertised FTX

Sam Bankman-Fried has reached an agreement with investors who will drop their lawsuits against him in exchange for his help in a class-action lawsuit against celebrities who endorsed FTX.

Celebrities who have promoted FTX include Tom Brady, Shaquille O'Neal, Stephen Curry and Shohei Ohtani, model Gisele Bündchen and actor Larry David.

The plaintiffs hope to recover some of their losses resulting from the collapse of FTX in November 2022.

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