How Naomi Osaka’s $32 billion crypto deal turned into an $11 billion investor lawsuit after the company collapsed(Getty Images)
Naomi Osaka joined a major cryptocurrency company as a global ambassador in March 2022. The deal gave the tennis star an equity stake in a company valued at about $32 billion. Eight months later, the company filed for bankruptcy, and Osaka was named in an $11 billion investor lawsuit.The lawsuit also named major sports and entertainment figures, including Tom Brady, Stephen Curry and Gisele Bündchen. Investors accused the celebrity promoters of helping bring customers to the platform. The case later changed as the court dismissed most of the claims against the celebrity defendants.
