A trio of celebrities have settled lawsuits against them related to sponsorship deals struck with the failed crypto-exchange FTX before it collapsed last year. 

Trevor Lawrence, an NFL quarterback for the Jacksonville Jaguars, reportedly settled a suit that accused him of misleading investors in FTX for an undisclosed sum. Youtubers Tom Nash and Kevin Paffrath also agreed to settlements, but the terms were not disclosed.

These developments were first reported by Bloomberg News. 

Before FTX collapsed, Lawrence had signed a sponsorship deal with Blockfolio, an FTX subsidiary, in 2021. According to a filing submitted to the U.S. Bankruptcy Court on August 31, Lawrence received $205,555.35 from the company.

At the time, FTX’s then-COO Sina Nader told Decrypt that sponsorships with Lawrence and other celebrities helped to ensure taboos around cryptocurrency were “officially shattered.”

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Author: Nicholas Morgan

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