Sports leagues that have introduced FTX are facing legal problems.

All sports leagues are now being sued for showing FTX ads to their fans. This comes after FTX investors took legal action against several celebrities and sports stars following the exchange's collapse.

Among the sports leagues that have reportedly introduced FTX are Major League Baseball (MLB), Formula 1 racing and the Mercedes-Benz Group AG racing team.

Sports leagues that supported FTX are under fire.

According to a recent report, the investors' lawyers, MLB, which had a large partnership with FTX, Additionally, other major sports leagues signed promotional deals with FTX prior to its dissolution.

However, FTX investors reportedly said these leagues “helped push unregulated securities sales through promotional deals with cryptocurrency websites.”

Meanwhile, investors say sports leagues have not done their due diligence. In addition, they say the leagues are distracted by the huge cash flow:

“MLB and many others quickly jumped into the crypto world with both feet when they saw the opportunity to make quick money.”

Read more: Best Christmas Crypto Promotions

Backstory of famous people on FTX support

Several celebrities who endorsed the now-defunct FTX exchange have been sued for $1 billion.

Among the sports stars named in the lawsuit are Tom Brady, Trevor Lawrence and Steph Curry.

Additionally, many celebrities from various fields who supported FTX in any way before its collapse are targets.

Additionally, there are lawsuits against several YouTube stars over their FTX promotions. Some of these creators have up to 1.8 million monthly subscribers on YouTube.

Read more: FTX Collapse Explained: How the Sam Bankman-Fried Empire Fell