NEW YORK, Nov. 23, 2022 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) continues its investigation into possible claims regarding crypto exchange platform FTX Trading LTD d/b/a FTX, FTX US, its founder and CEO Sam Bankman-Fried and Alameda Researcha related party cryptocurrency trading company.

If you are concerned by the recent revelations about FTX and would like to discuss our investigation, please contact us via email jcampisi@kaplanfox.com or by calling (212) 329-8571.

On November 22, 2022, Reuters reported that “crypto exchange FTX was on the radar of federal prosecutors in Manhattan months before its collapse, Bloomberg News reported Monday, citing people familiar with the investigation. The U.S. Attorney’s Office for the Southern District of New York has been working for months on a wide-ranging investigation into cryptocurrency platforms wielding U.S. and offshore arms, including FTX’s massive exchange operations, the report added.

On November 23, 2022, Bloomberg News published an article titled “From Tom Brady to Shaq, FTX’s Celebrity Promoters May Be Threat Damages,” which said that “at least three lawsuits have been filed since FTX imploded, including one seeking ‘thousands if not millions, consumers across the country.’ Tom Brady, Gisele Bundchen, Stephen Curry, Shaquille O’Neal and businessman and TV star Kevin O’Leary are also among those accused… The sudden collapse of FTX cost US investors more than $11 billion, according to the April 15 report The lawsuit filed in Miami on Nov. “Celebrity liability depends primarily on whether the products they promote are securities,” said Shane Seppinni, who represents people suing allegations of corporate abuse and who are not involved in the FTX cases. If FTX’s yield-producing accounts that pay interest on crypto holdings turn out to be securities, “then the…