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Finance YouTubers Are Being Sued For Promoting FTX
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Finance YouTubers Are Being Sued For Promoting FTX

BuzzFeed News·Tom Warren·about 1 month ago
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Kevin Paffrath, a personal finance YouTuber who runs the Meet Kevin channel and has been featured on CNBC’s Millennial Money series, normally releases videos to his 1.4 million followers about saving tips, travel credit cards, and how to manage real estate properties.  But a video he posted on Thursday, titled “Being Sued,” was different.   Paffrath, 31, was responding to a $1 billion proposed class action lawsuit against him and other popular financial influencers, including Graham Stephan, a former real estate agent from Selling Sunset 's Oppenheim Group who has 4.25 million subscribers, and Ben Anderson, an Australian influencer who operates the BitBoy Crypto channel, for their roles in promoting the now-collapsed crypto giant FTX. In November, after investors rushed to withdraw their funds from FTX, fearing that it was on the verge of collapse, the company declared bankruptcy and founder Sam Bankman-Fried stepped down as CEO.…

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