INVESTIGATION NOTICE: Girard Sharp Law Firm Encourages FTX Investors with Losses to Contact the Firm

SAN FRANCISCO--(BUSINESS WIRE)--Girard Sharp LLP, a national investment, securities, and consumer class action and complex litigation firm, announces that it is investigating potential claims on behalf of investors who suffered losses because of FTX’s recent collapse.

If you suffered investment losses, including from placing money or cryptocurrency in the FTX exchange or acquiring FTX Tokens, contact Girard Sharp to discuss your potential claim.

FTX is a cryptocurrency exchange, a platform on which investors can trade digital cryptocurrencies for other digital currencies or traditional money. FTX created its own crypto called the FTT Token. On FTX, users were encouraged to purchase these tokens so that they could execute trades on the company’s exchange at a discount. Token holders also could use FTTs as collateral and were treated as VIPs.

On November 2, 2022, CoinDesk published an article revealing that Alameda Research (founded by FTX’s co-founder) had a balance sheet full of FTT. Binance then announced that it would offload all of its remaining FTX tokens “due to recent revelations that have come to light.” A week later, Binance pulled out of its agreement to take over FTX.

FTX ultimately crashed due to a lack of liquidity and mismanagement of funds, after which numerous investors sold their FTX investments. The price of FTT has dropped more than 90% since November 8, 2022.

If you purchased or acquired FTX Tokens or placed money or cryptocurrency in the FTX exchange and suffered a loss, click here to participate.

We also encourage you to contact Adam Polk of Girard Sharp LLP, 601 California Street, Suite 1400, San Francisco, CA 94108, at [phone], to discuss your rights free of charge. You can also reach us through the firm’s website at www.girardsharp.com, or by email at [e-mail].

Girard Sharp represents investors, consumers, and institutions in class actions and other complex litigation nationwide. We served as co-lead counsel in a certified class action arising out of the collapse of Lehman Brothers Holdings, Inc. in the largest bankruptcy in American history, obtaining a $120 million fund from UBS Financial Services. We also led the successful litigation that followed the collapse of Peregrine Financial Group and obtained favorable recoveries for investors in the Provident Royalties and Medical Capital investment schemes. More recently, we led the Woodbridge Investments Litigation against Comerica Bank, securing a $54 million settlement in coordination with the bankruptcy trustee. We also served on the Plaintiffs’ executive committee in the recent spoofing litigation against JPMorgan Chase that settled for $60 million, a favorable resolution that received final court approval in July 2022.

Our attorneys have obtained multimillion-dollar recoveries for victims of unfair and deceptive practices in antitrust, financial fraud, and consumer protection matters against some of the country’s largest corporations, including Raymond James, John Hancock, and Sears. Girard Sharp has earned top-tier rankings from U.S. News and World Report for Securities and Class Action Litigation and has been repeatedly selected as an Elite Trial Lawyers finalist by the National Law Journal.

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