cryptonews: A class action lawsuit is seeking $1 billion from nine top crypto social media influencers who promoted the now-bankrupt FTX exchange to their millions of followers. 🥸
, who earlier this year settled lawsuits by the Securities and Exchange Commission over their endorsement of the Ethereum Max token. They paid $1.26 million and $1.4 million, respectively.'Devastated'
It points to "mea culpas and apology videos" made by Kevin Paffrath, Graham Stephan, and Tom Nash, who "scrubbed their YouTube channels of all video clips endorsing FTX and praising Sam Bankman-Fried." The lawsuit claimed Paffrath earned $2,500 anytime he mentioned FTX. In a video, he called his FTX sponsorship a "disgrace" and a "scar." He added:
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