Steph Curry has been caught up in the ugly demise of FTX, which peaked as one of the world’s largest crypto exchanges but has since declared bankruptcy.
Curry and the Warriors have been listed as defendants in the class action lawsuit filed against FTX’s founder, Sam Bankman-Fried, and numerous big-name endorsers including Tom Brady, Larry David and Naomi Osaka.
Shaq’s name was also listed in the suit, which should come as no surprise considering the strictly limited number of products on the market that he hasn’t promoted.
The crypto investors behind the suit claim Curry, Shaq and others have deceptively marketed FTX’s products.
Curry was also accused of driving “adoption of the Deceptive FTX Platform” and selling accounts to “unsuspecting and unwitting retail consumers”.
The Warriors were mentioned because of their partnership with FTX, which included on-court signage and an NFT partnership.
Crypto has long been regarded as a risky investment, with the volatility of the market meaning the investment you hope will turn into a Lambo could in fact become barely enough to buy a 2009 Kia Sportage.
But for others, like Steph, the main headache stemming from the crypto world is being dragged through the courts.