Shaq Inks Deal to Settle With FTX Investors Over Boosting Failed Crypto Exchange
Shaquille O’Neal has reached a settlement with FTX investors who accused him of promoting the failed cryptocurrency exchange and enabling fraud. The specifics of the settlement, including the amount O’Neal will pay, have not been disclosed. The class-action lawsuit includes several high-profile celebrities as defendants, such as Naomi Osaka, Steph Curry, and Tom Brady, who collectively face claims for up to $21 billion in damages. This settlement follows previous agreements made by other celebrity promoters, totaling $1.4 million. O’Neal's financial dealings with failed crypto projects aren't new; he previously settled for $11 million related to a different NFT promotion. The ongoing legal actions reflect the increasing scrutiny and accountability facing public figures who endorse various cryptocurrency ventures.
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