Football tipster The Texas Securities Board launched an investigation into Steph Curry and other celebrities who promoted FTX

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The Texas Securities Board launched an investigation into Warriors superstar Stephen Curry and other celebrities who promoted cryptocurrency company FTX.


Anyone giving investment advice in Texas must be registered. These people must truthfully disclose all known material facts. There is no other celebrity justice or regulation system in Texas, " said Joe Rotunda, director of law enforcement at the Texas Securities Board.


A month ago, the world`s third-largest cryptocurrency exchange, FTX, filed for bankruptcy after it was no longer able to honor customer withdrawal requests.


Celebrities have already had to deal with the consequences of the promotion of cryptocurrency firms. TV personality Kim Kardashian had to pay $1. 26 million for not revealing that her social media post promoting cryptocurrency was paid.


In addition to Curry, celebrities such as NFL quarterback Tom Brady, tennis star Naomi Osaka, comedian Larry David, Kardashian and others have collaborated with FTX.


Golden State became a defendant in a lawsuit to promote the bankrupt cryptocurrency company FTX.



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