YouTube influencers targeted over FTX promotion

						Array
(
    [ppma_authors_name] => Array
        (
            [0] => Alex
        )

    [classic-editor-remember] => Array
        (
            [0] => classic-editor
        )

    [_edit_lock] => Array
        (
            [0] => 1679069750:19
        )

    [_edit_last] => Array
        (
            [0] => 19
        )

    [_thumbnail_id] => Array
        (
            [0] => 17739
        )

    [_wp_page_template] => Array
        (
            [0] => default
        )

    [_prlipro-post-options] => Array
        (
            [0] => a:3:{s:14:"requested_slug";s:0:"";s:19:"hide_social_buttons";b:0;s:20:"disable_replacements";b:0;}
        )

    [_bsf_post_type] => Array
        (
            [0] => 0
        )

    [_bsf_item_review_type] => Array
        (
            [0] => none
        )

    [_yoast_wpseo_focuskw] => Array
        (
            [0] => FTX
        )

    [_yoast_wpseo_metadesc] => Array
        (
            [0] => YouTubers are facing pressure from the class-action lawsuit against FTX, alleging misrepresentation on their part.
        )

    [_yoast_wpseo_linkdex] => Array
        (
            [0] => 69
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 60
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 2
        )

    [_yoast_wpseo_wordproof_timestamp] => Array
        (
            [0] => 
        )

    [post_introduction] => Array
        (
            [0] => YouTubers are facing pressure from the class-action lawsuit against FTX, alleging misrepresentation on their part. 
        )

    [_post_introduction] => Array
        (
            [0] => field_5e8bb40d3036a
        )

    [time_to_read] => Array
        (
            [0] => 2 mins read
        )

    [_time_to_read] => Array
        (
            [0] => field_5ea04c4ba2fca
        )

    [in_summary] => Array
        (
            [0] => 
        )

    [_in_summary] => Array
        (
            [0] => field_62542d4010cad
        )

    [ppma_disable_author_box] => Array
        (
            [0] => 0
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 7
        )

    [_yoast_wpseo_primary_countries] => Array
        (
            [0] => 84
        )

)

Updated March 17, 2023 | Published March 17, 2023

2 mins read

YouTubers are facing pressure from the class-action lawsuit against FTX, alleging misrepresentation on their part.

A group of YouTube personalities have now been targeted by the class-action lawsuit launched against FTX investors and supporters.

They are accused of  promoting FTX and helping to popularize the exchange by convincing retail consumers to invest in the now-bankrupted venture.

The $1bn lawsuit seeks damages from those responsible for promoting the platform and most recently, that includes BitBoy Crypto creator Ben Armstrong and YouTube creator Graham Stephan along with seven other talents from Creators Agency, a talent management firm.

While the two people have been named in the lawsuit, they have never been knowingly affiliated with the exchange or received any money to promote it.

Commenting for Decrypto, Armstrong said that he never acted as a marketing agent for the company. “So the allegations against me are 100% false and it will be extremely easy to provide evidence of this”, he assured the publication.

The lawsuit seeks to prove that a growing list of individuals were knowingly promoting the exchange which was in truth a fraudulent scheme. Plaintiffs allege they “misrepresented” the platform.

The lawsuit also contends that YouTube was used as a platform to significantly increase the reach and popularity of FTX.

While Armstrong has held his ground, many YouTube content creators were quick to remove content in which they previously promoted or endorsed FTX. Those videos have been replaced with an apology video instead.

FTX was thought to be a saving grace for the crypto industry, and a company that proved that the crypto industry can work and function better than mainstream finance.

That was until it transpired that Sam Bankman-Fried, its former boss, ran it like a “fiefdom” and misused billions worth of customer money.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Alex

Reporter

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.
Best Casinos to play with…
Bitcoin
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
The Ledger: France toughens crypto stance, SEC goes after Coinbase
The Ledger: Crypto criminals face pressure, new regulation rolls in

Similar News

crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1677
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 5710
            [name] => telegram
            [slug] => telegram
            [term_group] => 0
            [term_taxonomy_id] => 5710
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 5
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 2465
            [name] => tether
            [slug] => tether
            [term_group] => 0
            [term_taxonomy_id] => 2465
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 13
            [filter] => raw
        )

)

Tether USDT now available on Telegram

24/03/2023|18:00

Telegram users will now be able to send Tether (USDT) – the world’s third largest cryptocurrency – within chats in...
Blockchain 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 181
            [name] => Blockchain
            [slug] => blockchain
            [term_group] => 0
            [term_taxonomy_id] => 181
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 888
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 8296
            [name] => Marieke Flament
            [slug] => marieke-flament
            [term_group] => 0
            [term_taxonomy_id] => 8296
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 8295
            [name] => Near Foundation
            [slug] => near-foundation
            [term_group] => 0
            [term_taxonomy_id] => 8295
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 8297
            [name] => Shane Kim
            [slug] => shane-kim
            [term_group] => 0
            [term_taxonomy_id] => 8297
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 5510
            [name] => web3
            [slug] => web3
            [term_group] => 0
            [term_taxonomy_id] => 5510
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 49
            [filter] => raw
        )

    [5] => WP_Term Object
        (
            [term_id] => 7432
            [name] => Wemade
            [slug] => wemade
            [term_group] => 0
            [term_taxonomy_id] => 7432
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 5
            [filter] => raw
        )

)

Wemade partners with Near Foundation

24/03/2023|17:00

South Korean blockchain gaming developer Wemade has partnered with Swiss non-profit firm Near Foundation to encourage web3 gaming in Korea....
crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1677
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 4981
            [name] => US Securities and Exchange Commission
            [slug] => us-securities-and-exchange-commission
            [term_group] => 0
            [term_taxonomy_id] => 4981
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 114
            [filter] => raw
        )

)

SEC issues warning to crypto investors

24/03/2023|16:30

The US Securities and Exchange Commission (SEC) has issued a warning urging investors to be cautious when considering crypto asset...