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Network of YouTube financial influencers hit with class action suit for pumping up FTX

Last Updated: March 16, 2023 at 2:46 p.m. ET First Published: March 16, 2023 at 1:40 p.m. ET The group of finance gurus are accused of leading viewers into ruin by uncritically praising FTX in exchange for cash. A group of YouTube finance influencers have been named in a class action suit accusing them of

network-of-youtube-financial-influencers-hit-with-class-action-suit-for-pumping-up-ftx

The group of finance gurus are accused of leading viewers into ruin by uncritically praising FTX in exchange for cash.

A group of YouTube finance influencers have been named in a class action suit accusing them of taking cash to blindly promote the FTX crypto exhange whihc later collapsed amid allegations of major fraud. (AP Photo/Marta Lavandier, File)

Here’s a case study in how not to win friends and influence people. 

A prominent group of YouTube financial influencers have become the targets of a class action lawsuit accusing them of leading their viewers into financial ruin by uncritically promoting failed crypto exchange FTX in return for lucrative sponsorship deals.

The suit, filed…

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