A glimmer of hope emerged for cryptocurrency users who lost money in the FTX collapse. A recent court filing reveals a proposed settlement in the class-action lawsuit against former CEO Sam Bankman-Fried (SBF).

This twist isn't about SBF himself. The plaintiffs, represented by The Moskowitz Law Firm, have decided to leverage information from SBF's criminal trial to pursue a different target: FTX promoters.

Imagine a treasure map leading to lost funds. The information SBF possesses, according to the filing, could be just that. It details the "underlying actions," connections to FTX's Miami headquarters, and the involvement of other defendants across various states.

This intel could shed light on the role of celebrity endorsers like Naomi Osaka, Tom Brady, and Shaquille O'Neal. Remember those flashy commercials? The lawsuit aims to determine if these endorsements crossed a line.

The initial suit, filed in November 2022, was consolidated last June. Instead of dragging SBF further into their fight, the plaintiffs propose a deal: his cooperation in exchange for dropping the lawsuit against him. This includes access to documents and potentially his testimony.

With SBF's appeal against his conviction and sentence filed last week, this proposed settlement offers a strategic shift. The FTX bankruptcy, meanwhile, aims to initiate repayments by the end of the year.

So, while the FTX saga continues on multiple fronts, this development suggests crypto users might recover some of their losses – but this time, by going after the influencers who brought them into the FTX fold.