current location:HOME > Sports News > Tennis Life > Text content

Stephen Curry investigated for promoting FTX / News - Basketnews.com

nqajqrqw7months ago (05-17)Tennis Life136

The Texas State Securities Board has launched an investigation into all celebrities that promoted FTX, claiming that investment advice must be given only after disclosing all known material facts.

Credit: AFP - Scanpix Credit AFP - Scanpix

After cryptocurrency exchange FTX went bankrupt a month ago, the repercussions of various sports organizations associating with the company continue to loom.

3-pointers this season

Golden State Warriors38%16,4NBAPoints made:16,4Accuracy:37,7%Place in standings:2Record max:25Record min:10Most made 3FGs:Stephen CurryTeamNBAStatisticsSchedule

First, the Golden State Warriors were sued for promoting FTX. The Warriors had named FTX to be its official cryptocurrency platform while calling it a first-of-its-kind cryptocurrency partnership in professional sports.

Now, Warriors superstar guard Stephen Curry is being investigated for promoting the now-failed cryptocurrency exchange as well. The Texas State Securities Board has included all celebrities that were associated with FTX in its broader investigation into the company.

"Anyone who renders investment advice in Texas typically needs to be registered and they typically have to truthfully disclose all known material facts," said Joe Rotunda, director of enforcement at the Texas State Securities Board, to The Texas Tribune. "In Texas, there is not a different system of justice or regulation for people who are celebrities."

The world's third-largest cryptocurrency exchange FTX filed for bankruptcy a month ago after it was no longer able to fulfill customers' withdrawal requests following several notable events.

Celebrities have already had to deal with the consequences of promoting cryptocurrency. Kim Kardashian had to pay $1.26 million for not disclosing that her Instagram post that promoted a crypto coin was a paid promotion.

FTX was such celebrities as NFL quarterback Tom Brady, tennis star Naomi Osaka, comedian Larry David, Kardashian, an others.

Like what we are doing? You can express your gratitude here.
Share with friends:

“Stephen Curry investigated for promoting FTX / News - Basketnews.com” ofrelated articles

Joe Mazulla speaks highly of Sam Cassell / News - Basketnews.com

Joe Mazulla speaks highly of Sam Cassell / News - Basketnews.com

Boston Celitcs coach Joe Mazulla highlighted the strengths of assistant coach Sam Cassell, who is being considered for the Los Angeles Lakers head coa...

Donovan Mitchell update: expected to miss Game 5 vs. Celtics / News - Basketnews.com

Donovan Mitchell update: expected to miss Game 5 vs. Celtics / News - Basketnews.com

Donovan Mitchell is expected to miss Game 5 against the Boston Celtics due to a left calf strain....

All-EuroLeague Failure, Nunn’s NBA Return & Biggest Off-Season Move (URBONUS Q&A) / News - Basketnews.com

URBONUS’ Donatas Urbonas, Gytis Blazevicius, and Augustas Suliauskas respond to fans’ questions in a Q&A session, addressing topics such as the cr...

Nikola Jokic receives MVP trophy before Game 5 / News - Basketnews.com

Nikola Jokic receives MVP trophy before Game 5 / News - Basketnews.com

Three-time MVP winner Nikola Jokic finally got his hands on the Michael Jordan Trophy....

All-ACB First Team revealed / News - Basketnews.com

All-ACB First Team revealed / News - Basketnews.com

Facundo Campazzo, Andres Feliz, Markus Howard, Dylan Osetkowski, and Giorgio Shermadini lead the All-ACB First Team for the 2023-24 season....

Nikola Topic, projected top five pick, gets injured again / News - Basketnews.com

Nikola Topic, projected top five pick, gets injured again / News - Basketnews.com

Topic collapsed on the court after attempting a pass in what seemed like a non-contact injury....