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FTX Investors Expand Class-Action Lawsuit
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Investors in FTX have expanded their legal action to include MLB, Formula 1, and Mercedes-Benz, alleging their involvement in the $11 billion collapse of FTX. The lawsuit targets more than two dozen celebrity promoters, with FTX's founder, Sam Bankman-Fried, convicted of fraud and conspiracy.
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How might the outcome of the class-action lawsuit affect the regulatory landscape for cryptocurrency exchanges?
How might this legal action impact the reputation and business operations of MLB, Formula 1, and Mercedes-Benz?
What measures can be taken to prevent similar fraudulent activities in the cryptocurrency exchange industry?
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