Tom Brady, Larry David and other celebrities named in FTX lawsuit

Tampa Bay Buccaneers quarterback Tom Brady (Matthias Schrader/AP)

A host of Hollywood and sports celebrities including Larry David and Tom Brady have been named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, arguing that their celebrity status made them culpable for promoting the firm’s failed business model.

FTX has been in the public eye for more than a week, after the third-largest cryptocurrency exchange ended up with billions of dollars worth of losses and had to seek bankruptcy protection.