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FTX Crypto Influencers Legal Battle Sees Breakthrough Settlement
September 2025 - The FTX collapse fallout keeps evolving. A new twist just emerged in that massive class-action lawsuit - you know, the one asking for $1 billion from crypto influencers who hyped the doomed exchange.
Money on the Table
Erika Kullberg's throwing in the towel. Kind of surprising, actually. The finance influencer agreed to pay $372,500 to settle claims she promoted FTX while it was apparently running a fraud shop. Her talent agency, Creators Agency LLC, got roped into the deal too. Big moment. The exchange went belly-up almost three years ago now.
The lawsuit's got teeth. It claims YouTube personalities pushed FTX without telling followers about their paychecks. Shady stuff. Kullberg's settlement leaves just one content creator still fighting the accusations.
Seems the legal drama cast a wide net. BitBoy Ben Armstrong and "Meet Kevin" Paffrath got named too. The lawsuit says they pushed followers toward FTX investments. Compensation details? Hidden away.
Adam Moskowitz from the Moskowitz Law Firm represents people who lost money. His take? These lawsuits might help victims get something back. It's not entirely clear how much they'll recover, though. This case mirrors earlier legal moves against celebrity FTX endorsers.
The settlement sends a message. Crypto promoters can't just hype whatever. Transparency matters. The consequences are real.