“Kind of mirrors the inequality”: How Naomi Osaka’s $32 billion crypto deal turned into an $11 billion investor lawsuit after the company collapsed

In March 2022, Naomi Osaka signed on as a global ambassador for a cryptocurrency exchange, garnering a significant equity stake. However, the company faced bankruptcy later that year, resulting in an $11 billion lawsuit naming her among other celebrities. While investors alleged that her promotion drew customers to the platform, most claims linked to the celebrity defendants were dismissed, lacking evidence of fraud knowledge.
Read more at the source

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.