These celebs invested in cryptos, and are now in trouble
Lindsay Lohan and Jake Paul charged by SEC
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The latest to be embroiled in a scandal involving cryptocurrency is actress Lindsay Lohan, social media personality Jake Paul, and musician Soulja Boy, among others
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What did they do?
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A total of eight celebrities were charged by the SEC. Everyone but Soulja Boy and musician Austin Mahone agreed to settle without admitting guilt. They paid over $400,000
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Madonna and Justin Beiber were named in class action lawsuit
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In December, the list of defendants in a class action lawsuit included Madonna, Justin Bieber, Jimmy Fallon, Stephen Curry, and Kevin Hart, among others.
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Tom Brady was one of the biggest promoters of FTX
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NFL legend and seven-time Super Bowl champion Tom Brady was one of the biggest promoters of the now-defunct crypto exchange FTX. The collapse of Sam Bankman-Fried-led FTX was unlike anything the crypto world has seen.