List of Flash News about Shaquille O’Neal
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2025-06-29 08:00 |
Shaquille O’Neal to Pay $1.8M in FTX Lawsuit Settlement: A Warning for Crypto Celebrity Endorsements
According to the source, NBA legend Shaquille O’Neal has agreed to a $1.8 million settlement to resolve a class-action lawsuit from investors of the collapsed crypto exchange FTX. The lawsuit alleged that O'Neal misled investors through his promotional activities for the exchange, for which he was reportedly paid $750,000. This settlement, which awaits court approval, releases him from future claims without any admission of wrongdoing, as reported by CNBC. This development is part of the ongoing legal repercussions from the FTX collapse, where founder Sam Bankman-Fried was sentenced to 25 years in prison, serving as a significant reminder to traders of the risks associated with celebrity endorsements in the cryptocurrency market. |