📣📊 Allegations hit FTX as users file class action lawsuits, as reported by Cointelegraph. A group of FTX users accuse 18 venture capital firms, including Temasek, Sequoia Capital, and Softbank, of aiding fraud by encouraging investments in FTX. 🤯💼

Plaintiffs contend that VCs participated in FTX fraud, falsely touting its safety, stability, and vetting. Additionally, FTX users have targeted law firm Fenwick & West, alleging former FTX executives' involvement in creating shell companies for fraudulent gains. Legal battles unfold in the crypto landscape. Stay tuned for updates on these developments. #FTX #ClassActionLawsuit #VentureCapital #CryptoFraud #LegalActions #CryptoCommunity