A group of investors doing business with the defunct cryptocurrency exchange FTX on Wednesday filed a class-action lawsuit against several Internet influencers, alleging that content creators promoted unregistered securities to their viewers and followers while encouraging use of the defunct platform.

That demands sued for more than $1 billion in damages and filed against creators who number in the millions online, including cryptocurrency YouTuber BitBoy Crypto, financial YouTuber Graham Stephan, seven others, and asset management firm Talent Creators Agency.

Stephan did not immediately respond to a request for comment from Decryption. said Armstrong Decryption that he has never received a dollar from cryptocurrency exchange FTX, adding that he plans to “protest soon.”

A counterclaim or counterclaim occurs when the defendant files a lawsuit against the plaintiff.

“I have never spoken to anyone at FTX or as a marketing agency acting on their behalf. Not once,” he said in a direct message on Twitter. “So the accusations against me are 100% false and it would be very easy to provide proof.”

The “endorsed and promoted” unregistered securities are performance accounts offered by FTX, the lawsuit claims, adding that their creators were paid to support the FTX cryptocurrency platform, which is a “fraudulent scheme.” […] designed to take advantage of investors around the world.”

Edwin Garrison, a resident of Oklahoma, is leading the lawsuit. While the lawsuit was filed in Miami Divisional Court for the Southern District of Florida, the plaintiffs also include residents of England, Canada, and Australia.

The accused named in this case are liable for damages due to “errors and negligence in relation to the FTX platform” and played a significant role in raising the collapsed business, the lawsuit claims.

“FTX could not have reached this high without the massive impact of these influencers, who promote the fraudulent FTX platform in exchange for undisclosed payments ranging from tens of thousands of dollars to multi-million dollar bribes,” the lawsuit says.

The lawsuit claims that YouTube played a key role in how influencers promote FTX, noting that the video streaming platform is more popular than the TV network.

Following FTX’s collapse, several of the defendants “removed all videos promoting FTX and praising Sam Bankman-Fried from their YouTube channel” and replacing them with videos of apology, the lawsuit claims.

The class action lawsuit is a consolidation of others filed against FTX founder and former CEO Sam-Bankman Fried, various cryptocurrency exchange employees, and celebrity brand ambassadors, including retired National League footballer Tom Brady, supermodel Gisele Bündchen, and comedian Larry Daud.

FTX, once one of the world’s largest cryptocurrency exchanges, tumbled in November after a sharp decline in FTT’s native cryptocurrency sparked a stock run. Runaway revealed that FTX did not hold a one-to-one reserve of client assets because it could not honor client withdrawals, forcing it to file for Chapter 11 bankruptcy.

Bankman-Fried was later arrested and charged with a series of financial crimes related to his cryptocurrency business, although he pleaded not guilty to all of them. However, some FTX members, such as Caroline Ellison and Gary Wang, have pleaded guilty to FTX bankruptcy-related offenses and cooperated with the authorities.

Bankman-Fried was indicted last month on other charges related to alleged illegal donations to his campaign. His criminal trial is scheduled for October.