Naomi Osaka sued by crypto investors as FTX exchange collapses

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Naomi Osaka is being sued by crypto investors as a promoter of the once highly reputable FTX cryptocurrency exchange that has now suffered an absolute collapse.

Naomi Osaka
Naomi Osaka of Japan wore an FTX patch on her Nike dress during the 2022 Toray Pan Pacific Open WTA 500 tennis tournament

In March this year, the four-time Grand Slam champion Osaka signed a long-term partnership with FTX, where one of her global ambassador roles was to bring female users onto this crypto platform. The former world No.1 also wore an FTX patch on her Nike gear during tennis matches. In return, Osaka took an equity stake in FTX at the height of its powers and received compensation in crypto.

Now that FTX went from an industry leader to bankrupt after a dramatic series of events, crypto investors have filed a lawsuit which also seeks damages from a number of celebrities who helped promote the cryptocurrency exchange. The 25-year-old Osaka is among those celebrities named as defendants in an $11-billion class-action lawsuit filed by FTX investors in Miami federal court on Tuesday. (source: Tennis.com)

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