Investor Loses $2 Million in FTX Collapse, Sues Celebrities as Founder Faces Fraud Charges

Sunil Kavuri lost $2.1 million when crypto exchange FTX collapsed, money he had saved for a new house and his son's university fees.

FTX founder Sam Bankman-Fried is accused of defrauding customers by using their funds for risky investments in his hedge fund Alameda Research.

Bankman-Fried will stand trial next week in New York on charges of fraud, conspiracy and money laundering, which he denies.

Kavuri blames celebrities who promoted FTX, filing a lawsuit against Larry David, Tom Brady and Gisele Bündchen.

Investors like Kavuri face a long wait to recover any funds, as FTX's finances could take years to unravel.