MLB, Formula 1 Face Fraud Suits for Promoting FTX Cryptocurrency

ftxInvestors suing famous cryptocurrency exchange promoters for allegedly helping facilitate an $11 billion fraud have some new targets, including Major League Baseball, formula 1 racing and <-rte-company state="{"_id":"0000018c-1310-de26-a7ec-3f34e8f30000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Mercedes-Benz Group AG- rte-company racing team>.

Lawyers for the investors sued MLB, the first major sports league to sign a promotional agreement with FTX in 2021, and the other entities in federal court in Miami on Monday, accusing them of โ€œaiding, abetting and/or actively participating in the massive and massive campaign of the FTX Group. multi-billion dollar global fraud.โ€ At one point, MLB umpires used ftx patches on their sleeves.

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