U.S. District Judge K. Michael Moore ruled Wednesday that a multidistrict litigation case in the Southern District of Florida, which accuses big-name celebrities and YouTube stars of helping to sell unregistered securities tied to the now-defunct FTX cryptocurrency exchange, can move forward—at least in part.
Adam M. Moskowitz, managing partner at the Moskowitz Law Firm, is lead class counsel in the MDL with David Boies, founding partner at Boies Schiller Flexner, for the 16 plaintiffs, three of whom are from Florida, while the rest reside in Oklahoma, California, Illinois, Connecticut, Arizona, New Jersey, Virginia, the United Kingdom, Canada, Germany, Brazil and Australia. Members of the class purchased or held legal title to cryptocurrency deposited on the FTX platform.