Golden State Warriors sued by FTX customer following crypto exchange's collapse

The Golden State Warriors have been named in a class-action lawsuit filed by an FTX customer seeking damages from the cryptocurrency's collapse. The Warriors had FTX as a platform.

FTX founder Sam Bankman-Fried and Caroline Ellison, who headed Bankman-Fried’s Alameda Research trading firm, are also named as defendants in the lawsuit.

In the lawsuit, Lam claims that FTX was "falsely representing" a "viable and safe way to invest in crypto." Lam is seeking damages for the $750,000 worth of losses in his FTX account as well as other damages to customers outside the United States. The Gold Blooded shirts given to fans during the NBA Finals on June 5, 2022, at Chase Center in San Francisco.

In the NBA, the Miami Heat dropped FTX from its arena name and is now seeking a new partner to fill that void. It came on Nov. 11, the same day FTX filed for Chapter 11.

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