Trevor Lawrence settles FTX crypto endorsement lawsuit

Jacksonville Jaguars quarterback Trevor Lawrence agreed to a settlement in a class action lawsuit that was filed against him and several other celebrities and athletes last year for their endorsement of FTX, according to Bloomberg.

Lawrence, 23, was part of a group that included Tom Brady, Stephen Curry, Shaquille O’Neal, and Shohei Ohtani who were sued and accused of misleading the public regarding FTX, a cryptocurrency exchange that collapsed and went bankrupt in 2022. The founder of FTX, Sam Bankman-Fried, is currently facing several fraud-related charges and up to 100 years in prison.

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Just prior to joining the Jaguars as the No. 1 pick of the 2021 NFL draft, Lawrence signed a multiyear sponsorship deal with FTX (known as Blockfolio at the time):