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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Trevor Lawrence Signs Deal with Blockfolio, Gets Paid in Crypto

Key Takeaways

  • Trevor Lawrence now officially endorses Blockfolio. He received an initial crypto payment to his Blockfolio account on Friday.
  • Blockfolio and parent company FTX have been on a sponsoring spree recently.
  • Many NFL stars and other popular public figures have adopted crypto over the last few months.

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Blockfolio now has the NFL Draft’s top quarterback, Trevor Lawrence, on board. 

Trevor Lawrence Endorsing Blockfolio 

Trevor Lawrence, the American footballer expected to be the number one pick in the forthcoming NFL Draft, has inked a sponsorship deal with one of crypto’s leading mobile apps. The New York Times reported on the news earlier today. 

The 21-year-old quarterback will endorse Blockfolio, an app for tracking the price of cryptocurrencies. Lawrence received a crypto payment to his Blockfolio account on Friday and will be paid in his currency of choice moving forward. 

The exact sum of the deal hasn’t been disclosed. 

Blockfolio seems to have been on something of a marketing push recently. Earlier this month, it announced that it would be sponsoring Dave Portnoy’s trading show. Meanwhile the app’s parent company, FTX, recently penned a 19-year, $135 million deal with Miami Heat. The basketball team will rename its court to the FTX Arena. 

Sam Bankman-Fried, who runs FTX, shared news of the deal on Twitter this afternoon. 

Lawrence isn’t the only sports star to take an interest in crypto in the last few months. Sean Culkin, a tight end for the Kansas City Chiefs, just announced his plans to receive his 2021 paycheck in Bitcoin. 

Russell Okung, too, has long advocated for Bitcoin as an alternative to traditional currencies. In December, he partnered with crypto startup Strike to receive half his paycheck in the digital asset. The Super Bowl champion Tom Brady, meanwhile, launched his own NFT platform called Autograph. 

Outside of American football, many celebrities have been particularly drawn to the NFT space as a way of receiving crypto payment for their work. With so many popular figures entering the space this year, some have suggested that this could be the moment crypto goes fully mainstream. If that turns out to be true, mass adoption could come next. 

Disclosure: At the time of writing, the author of this feature owned ETH and several other cryptocurrencies. 

This news was brought to you by Phemex, our preferred Derivatives Partner.


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Bitcoin (BTC) $ 37,800.13 0.14%
Ethereum (ETH) $ 2,047.47 0.71%
Litecoin (LTC) $ 69.55 0.64%
Bitcoin Cash (BCH) $ 221.25 0.95%