youtube-ftx-influencers-march-2023-in60.jpg Mar 18

YouTube Influencers Slapped With $1 Billion Lawsuit For Promoting FTX

A group of investors who did business with defunct cryptocurrency exchange FTX brought a class action lawsuit against multiple internet influencers Wednesday, alleging the content creators pushed unregistered securities on their viewers and followers while promoting the collapsed exchange.

The lawsuit seeks over $1 billion in damages and was brought against content creators that reached millions online, including BitBoy Crypto creator Ben Armstrong and finance YouTube creator Graham Stephan, among seven other individuals and the talent management firm Creators Agency.