Texas to probe FTX endorsements by Tom Brady, Stephen Curry and other celebs

Cointelegraph

Published Nov 22, 2022 12:59AM ET

Updated Nov 22, 2022 02:40AM ET

NFL quarterback Tom Brady and NBA point guard Stephen Curry are reportedly among the celebrities facing a probe from the Texas financial regulator over their promotion of the now-bankrupt crypto exchange, FTX.

Joe Rotunda, director of enforcement at the Texas State Securities Board reportedly told Bloomberg in a Nov. 22 report that the Texas State Securities Board is scrutinizing payments received by celebrities to endorse FTX US, what disclosures were made and how accessible they were for investors.

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