Sam
Bankman-Fried
has
inked
a
settlement
agreement
with
a
group
of
FTX
customers
who
have
agreed
to
drop
their
class
action
lawsuit
against
him
in
exchange
for
his
help
going
after
celebrity
promoters
of
the
collapsed
exchange.
The
agreement,
filed
in
a
Miami
court
on
Friday,
has
not
yet
been
approved
by
a
judge.
If
approved,
the
settlement
would
release
Bankman-Fried
from
both
current
and
future
civil
liability
tied
to
the
collapse
of
FTX.
Bankman-Fried’s
end
of
the
bargain
will
see
him
providing
the
plaintiffs’
attorneys
with
information
–
including
both
testimony
and
documents
in
his
possession
–
to
“aid
in
victim
recovery”
and
assist
their
litigation
efforts
against
a
host
of
celebrity
promoters
and
venture
capital
firms
who
endorsed
FTX.
He
has
also
agreed
to
provide
the
attorneys
with
financial
information
and
documents,
including
a
total
of
his
remaining
personal
assets
and
his
firm’s
2021
investment
in
AI
startup
Anthropic.
The
pending
settlement
agreement
comes
shortly
after
Bankman-Fried
was
convicted
of
fraud
and
sentenced
to
25
years
in
prison
for
his
role
in
FTX’s
implosion.
Bankman-Fried
has
appealed
his
sentence
and
conviction.
Bankman-Fried’s
one-time
friends,
colleagues
and
co-defendants
Caroline
Ellison,
Nishad
Singh
and
Gary
Wang,
as
well
as
FTX
lawyer
Dan
Friedberg,
have
made
similar
settlement
agreements
with
the
plaintiffs’
attorneys.
Several
of
the
smaller
celebrity
promoters
–
including
finance
Youtubers
Andrei
Jikh,
Graham
Stephan,
Jaspreet
Singh,
Tom
Nash,
Brian
Jung
and
Jeremy
Lefebvre
–
have
also
settled,
contributing
to
a
common
fund
of
$1.4
million
to
fund
the
lawsuit,
according
to
court
documents.
Jacksonville
Jaguars
quarterback
Trevor
Lawrence,
who
was
paid
$500,000
in
2022
to
endorse
FTX
subsidiary
Blockfolio,
also
settled
with
the
plaintiffs
last
year.
But
most
of
the
big
name
promoters
of
FTX
–
like
athletes
Tom
Brady,
Steph
Curry,
Shaquille
O’Neill,
Naomi
Osaka
and
Shohei
Otani
and
supermodel
Gisele
Bundchen
–
are
fighting
the
lawsuit,
as
are
over
a
dozen
domestic
and
international
venture
capital
firms.