Judge Considers Dismissing Shaquille ONeal and Naomi Osaka from FTX Lawsuit

In recent news, a federal judge in Florida, United States, is considering dismissing former NBA superstar Shaquille O’Neal and tennis athlete Naomi Osaka from the FTX lawsuit. The judge pointed out that it is unclear whether the two sports stars have been served, and instructed the plaintiffs to provide cause as to why O’Neal and Osaka should not be dismissed from the suit. The judge gave the FTX customers until December to show cause.

In another order issued on March 9, U.S. District Judge Kevin Moore reprimanded other celebrity defendants, including Tom Brady, Gisele Bündchen, Kevin O’Leary, David Ortiz, and Trevor Lawrence, for not following proper procedure in requesting a time extension for a scheduled conference. The judge clarified that the request should have come from the plaintiff’s side, and instructed the conference to proceed as scheduled, or for the plaintiff to move for an extension of time to hold the conference.

As cases against FTX continue to pile up, some plaintiffs have requested the consolidation of lawsuits against the bankrupt exchange. However, on March 8, U.S. District Judge Jacqueline Corley denied the consolidation request, highlighting that the defendants have not yet been allowed to respond. This means that the lawsuits will proceed separately for now.

On the same day, lawyers representing former FTX CEO Sam Bankman-Fried noted that it might be necessary to push back the criminal trial scheduled to start in October 2023. While the lawyers did not formally request a date change, they pointed out that it may be needed because they are still waiting for evidence to be turned over, and Bankman-Fried accumulated more charges in February.

The FTX lawsuit was filed by customers who claimed that the cryptocurrency exchange had been involved in illegal market manipulation and trading practices that caused them financial harm. FTX has denied the allegations and filed a motion to dismiss the lawsuit. The case is still ongoing, with multiple parties involved in the proceedings.

Overall, the FTX lawsuit continues to be a complex and evolving legal matter, with various parties involved in the proceedings. The recent developments highlight the need for proper procedure and adherence to court orders, as well as the potential for further delays in the criminal trial involving former FTX CEO Sam Bankman-Fried. It remains to be seen how the case will unfold in the coming months.


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Famous Tennis Player Naomi Osaka Becomes FTX’s Global Ambassador

Four-time tennis grand slam singles champion Naomi Osaka becomes FTX’s global ambassador, becoming one of the first major female professional athletes to partner with FTX.

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Naomi Osaka will also receive an equity stake in FTX Trading Limited and will be paid in cryptocurrency.

At the Miami Open, Naomi Osaka will wear the FTX logo and will use her popularity to bring the female community to the FTX platform, cementing the FTX crypto exchange’s position as the world’s leading cryptocurrency exchange and leading more interest in digital assets of people into the Web3 future.

the CEO of FTX, Sam Bankman-Fried, comments that:

 “Just as FTX is at the forefront of crypto markets, we want to be at the forefront of social change. Our partnership with Naomi Osaka will further our goal of getting more diverse voices involved in the future of digital currency and Web3. I am excited to work with Naomi as we look to educate those groups and create a positive impact in the world.”

More females participate in the crypto space and demonstrate good knowledge in this industry. Earlier this month, Crypto financial services firm BlockFi has released the third edition of its Real Talk quarterly survey.

Nearly one-third of women surveyed plan to buy cryptocurrencies in 2022, and 60% of respondents plan to purchase cryptocurrencies within the next three months.

Image source: Shutterstock


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Nifty News: AMC investors get tokens, Naomi Osaka NFTs, Guy Oseary to represent World of Women

AMC shareholders gifted free NFT

The AMC movie theater chain dropped NFTs to all AMC shareholders on Tuesday.

As part of the reward, AMC CEO Adam Aron tweeted that the NFT and a WAX wallet in which to hold it will be free to claim for up to a year.

The NFTs, dubbed ‘I Own AMC,’ show a sizable cordoned off medal with the company’s namesake across the middle as a grandiose kind of thank-you.

AMC has embraced cryptocurrency more and more since its stock (AMC) became the target of a retail stock buying craze led by r/Wallstreetbets that started with GameStop.

In Sept. 2021, Aron tweeted that the company would begin accepting Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) as payment at its theater locations by the end of 2022.

Aron has been teasing Doge and Shiba fans about adding their favorite memecoin as a payment option. On Jan. 7, he tweeted that his company was “well on track for the promised Q1 implementation” of accepting Dogecoin (DOGE) and Shiba Inu (SHIB) as payment.

Puppy Bowl 2022 NFT sale raises funds for Ariana Grande’s animal charity

This year’s Puppy Bowl on Animal Planet will include an NFT sale to help raise funds for Ariana Grande’s Orange Twins Rescue animal rescue organization.

The Puppy Bowl is an event that airs on Super Bowl Sunday and depicts puppies playing within a small stadium. This year, the Puppy Bowl will air on Feb. 13 on the cable network.

The NFTs depict the puppies competing in the Puppy Bowl as trading cards and show their breed, hometown, and personality type.

The sale began with a free drop for early visitors to the Chronicle NFT marketplace. The official sale began on Jan. 14 with the ‘Common’ items, and will end on Feb. 13 with the ‘Immortal’ items at a higher price and rarity.

Organizers of the Puppy Bowl from Animal Planet signaled environmental awareness by stating that the NFTs were generated by “solutions that are Proof of Stake-driven, and with a commitment to reduce their carbon footprint.”

Naomi Osaka to launch third NFT collection with her sister

This week, the defending Australian Open tennis champ Naomi Osaka is launching a new NFT collection designed by her sister, Mari Osaka.

The “Resolve: The Naomi Osaka Manga Collection” collection will be sold on the Autograph NFT marketplace.

Osaka’s collection consists of 11,000 NFTs made from 10 different drawings. They will be available for early access starting Jan. 18. The NFTs and any special rewards for early buyers will not be fully revealed until Jan. 25. This will be Osaka’s second collection on Autograph and her third NFT collection overall.

NFL star Tom Brady’s Autograph marketplace specializes in offering NFTs based on entertainment and sports stars. It features collections on Tom Brady, Derek Jeter, The Weekend, and many others. Autograph recently closed a funding round worth $170 million.

Osaka won the 2021 Australia Open and is defending her title at the 2022 Open this week. 

Guy Oseary to represent World of Women

Tech investor Guy Oseary has added another NFT project to his portfolio by agreeing to represent World of Women, a popular female empowerment NFT collection.

Oseary plans to help World of Women capitalize on film, TV, music and gaming opportunities. He also represents the popular Bored Ape Yacht Club NFT collection.

World of Women is a collection of 10,000 pictures depicting “diverse and powerful women” on OpenSea. The collection has a trading volume of 43,500 ETH on the world’s largest NFT marketplace with a floor price of 7.85 ETH ($24,552).

Other Nifty News

Lindsay Lohan signed on to Superfandom experiential NFT marketplace to offer her own experiences for fans and to serve as an advisor. She will help garner interest in the platform and find more talent to offer experiences as NFTs.

Microsoft bought Activision Blizzard for $69 billion earlier this week. This gives it ownership over wildly popular gaming titles such as Call of Duty, Overwatch, and World of Warcraft. The plan is to tie its gaming services into a framework that will “provide building blocks for the Metaverse,” according to Microsoft CEO and chairman Satya Nadella.