List of Flash News about FTX Lawsuit
Time | Details |
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2025-07-02 04:39 |
Trump Media (DJT) Stock Surges on Buyback News Separate from Bitcoin (BTC) Strategy; Shaq Settles FTX Lawsuit for $1.8M
According to @FoxNews, Trump Media and Technology Group (DJT) announced a $400 million share buyback program, causing its stock to climb over 3.8% to $18.50 in early trading. The company confirmed this repurchase plan will be funded separately and will not affect its existing Bitcoin (BTC) treasury strategy, which was established after raising over $2 billion from institutional investors. CEO Devin Nunes highlighted the company's strong financial position with approximately $3 billion on its balance sheet as the reason for the move. In other news impacting the crypto space, NBA legend Shaquille O’Neal has reportedly agreed to a $1.8 million settlement in the class-action lawsuit concerning his promotion of the collapsed crypto exchange FTX. This development serves as a reminder of the ongoing legal risks associated with celebrity endorsements in the cryptocurrency market, following the conviction and 25-year prison sentence of FTX founder Sam Bankman-Fried. |
2025-06-29 17:24 |
DOJ Seizes $225M in USDT from Pig Butchering Scam as Shaq Settles FTX Lawsuit for $1.8M
According to @FoxNews, the U.S. Department of Justice (DOJ) has executed a significant enforcement action, seizing over $225 million in laundered Tether (USDT) linked to a 'pig butchering' scam that caused the collapse of a Kansas bank. The DOJ complaint revealed a complex laundering network that processed approximately $3 billion through the crypto exchange OKX, which provided key information for the investigation. For traders, a critical takeaway is that the seized USDT will likely be added to a U.S. government crypto stockpile, potentially impacting market supply and dynamics over the long term. This development occurs as NBA legend Shaquille O’Neal agrees to a $1.8 million settlement in a class-action lawsuit over his promotion of the collapsed FTX exchange, highlighting the ongoing legal and reputational risks in the crypto space. |