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FTX Investors Expand Class-Action Lawsuit
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Investors in the collapse of FTX have expanded their class-action lawsuit to include MLB, Formula 1, and Mercedes-Benz, alleging their involvement in aiding and abetting the fraud orchestrated by FTX. The collapse resulted in billions in losses, with FTX's founder convicted of fraud and conspiracy.
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How might this class-action lawsuit impact the reputation and legal standing of MLB, Formula 1, and Mercedes-Benz?
How might this legal action influence the regulatory landscape for cryptocurrency exchanges and celebrity endorsements?
What challenges might arise in proving aiding and abetting in the context of the alleged fraud orchestrated by FTX?
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