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‘Wave’ of lawsuits over FTX expected, but investors will face legal hurdles
Nov 17 (Reuters) – A lawsuit by FTX account holders in the United States is most likely the first of a lot of that will be introduced about billions of dollars in losses on the cryptocurrency exchange, while the scenarios will facial area hurdles such as proving that U.S. securities law applies to FTX’s products, industry experts explained. The lawsuit, submitted in Miami federal court docket on Tuesday, statements FTX founder Sam Bankman-Fried and celebs which includes NFL quarterback Tom Brady and basketball Hall of Famer Shaquille O’Neal, engaged in misleading company methods by advertising unregistered securities. Although some courts have ruled that sure cryptocurrencies in shape the legal definition…
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