FTX investors to settle with Sam Bankman-Fried on condition that he provides key information

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A group of FTX investors have filed a court document to settle with Sam Bankman-Fried on the grounds that he provides key information about FTX-related celebrities and institutions.

Sam Bankman-Fried has agreed to provide FTX investors with valuable information about key firms and celebrities related to the defunct exchange before its collapse. Part of the settlement terms include proof that SBF's net worth is negative. Investors will discharge all claims against SBF if the court approves the agreement. This indicates that these investors are looking to exhaust all avenues to ensure they get back their funds.

Also read:Mango Market attacker convicted of fraud and market manipulation These celebritiesinclude Shaquille O'Neal, Stephen Curry, Lawrence Gene David, Tom Brady, Gisele Bundchen, and even organizations such as MBA's Miami Heat franchises, SoftBank Group, Paradigm Operations LP, and many more.

 

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