Shaquille O’Neal Settling FTX Class Action Lawsuit for $1.8M

Shaquille O'Neal to pay nearly $2 million settlement in FTX lawsuit

Shaquille O'Neal will be paying seven figures to settle the class-action lawsuit against FTX that also named other high-profile athletes.O'Neal will pay $1.8 million after he was accused of touting the since-defunct cryptocurrency as a reputable and trustworthy investment option via paid endorsements.Legendary NFL quarterback Tom Brady and NBA star Stephen Curry, as well as David Ortiz, Shohei Ohtani, Naomi Osaka and Trevor Lawrence were also na…

Shaquille O’Neal to Pay $1.8M in Settlement Over FTX Promotion Lawsuit

NBA legend Shaquille O’Neal has agreed to pay $1.8 million to settle a class-action lawsuit brought by investors in the collapsed crypto exchange FTX, according to several media reports this week.The investors allege that O’Neal misled them by appearing in ads for the collapsed cryptocurrency exchange. The payout is about $1 million more than the $750,000 O’Neal was reportedly paid for his role in an FTX commercial.The former basketball star was…

O'Neal to pay $1.8M to settle crypto exchange FTX class lawsuit

FLORIDA, United States — Former NBA player Shaquille O’Neal will pay $1.8 million to settle a class action lawsuit related to the demise of cryptocurrency exchange FTX. O’Neal, and other celebrities like Tom Brady and Stephen Curry, were named in the lawsuit in 2022. They had been accused of touting FTX as a reputable and

Shaquille O'Neal agrees to pay $1.8M to settle FTX crypto endorsement

Shaquille O'Neal, the retires basketball star and NBA analyst, has agreed to pay $1.8 million to settle claims that he misled investors by promoting the now-bankrupt crypto exchange FTX.

Shaquille O’Neal settling FTX class action lawsuit for $1.8M

NBA legend Shaquille O’Neal has agreed to pay $1.8 million to settle a class action lawsuit over his promotion of the now-defunct crypto exchange FTX.  The proposed settlement agreement would resolve the case against the former basketball player, who was one of several celebrities and notable figures sued in the wake of FTX’s collapse.  “The…

Shaquille O’Neal must pay $1.8 million to end a years-long class action lawsuit after FTX investors accused him of duping them

Former NBA player Shaquille O’Neal will pay $1.8 million to settle a class action lawsuit related to the demise of cryptocurrency exchange FTX. O’Neal, and other celebrities like Tom Brady and Stephen Curry, were named in the lawsuit in 2022. They had been accused of touting FTX as a reputable and trustworthy investment option via paid endorsements. The proposed settlement only pertains to O’Neal. Three years ago FTX was the third-largest crypto…