NFL Star Trevor Lawrence and Youtube Influencers Settle Allegations Over FTX Endorsements

In a caller tribunal document, Jaguars’ backmost Trevor Lawrence and 2 others person chosen to settee allegations that they misled investors, starring to losses successful the FTX collapse. Lawrence, among respective high-profile endorsers of FTX, has not publically revealed the presumption of his settlement.

Jaguars’ Quarterback Trevor ‘Sunshine’ Lawrence to Settle FTX Endorsement Lawsuit

On Friday, Bloomberg’s Jef Feeley revealed that YouTube personalities Tom Nash and Kevin Paffrath, on with NFL prima Trevor Lawrence, person settled allegations of misleading investors done their endorsement of the now-bankrupt crypto exchange, FTX. Lawrence, the backmost for the Jaguars, joined FTX arsenic a spouse successful April 2021.

By May 2021, Lawrence announced intentions to alteration his full signing bonus into cryptocurrency. That year, his bonus was a staggering $24 million. Lawrence expressed his excitement astir collaborating with Blockfolio, an FTX subsidiary. FTX had antecedently acquired Blockfolio, a starring portfolio tracking app, successful 2020 for a chill $150 million.

Discussing the partnership, Lawrence stated:

When it comes to my crypto portfolio, I wanted a semipermanent spouse successful the abstraction that I could trust.

The renowned NFL backmost is conscionable 1 of many celebrities facing accusations of misleading investors done their FTX endorsements. Notably, Lawrence was portion of a significant group of NFL players who embraced cryptocurrency successful 2021, close earlier the crypto marketplace soared to astir $3 trillion successful November.

The colony presumption stay undisclosed by Lawrence and the Youtube duo. The attorneys spearheading the $1 cardinal suit against FTX’s personage promoters informed Feeley that they’re presently successful “ongoing confidential, colony discussions” with different parties. They expect the “likelihood that different FTX settlements volition beryllium reached.”

What bash you deliberation astir Trevor Lawrence and the Youtube influencers settling successful this lawsuit? Share your thoughts and opinions astir this taxable successful the comments conception below.