Shaquille O’Neal Settles With FTX Investors Over Promotion Allegations
Shaquille O’Neal has settled with FTX investors who accused him of promoting the failed crypto exchange. Key points include:
- Settlement details, including payment amount, are undisclosed.
- Plaintiffs seek up to $21 billion in damages from O’Neal and other promoters.
- Other notable defendants include Naomi Osaka, Steph Curry, Tom Brady, and Kevin O’Leary.
- O’Neal is the first major defendant to settle; seven others had previously settled for a total of $1.4 million.
- This is not O’Neal's first settlement linked to crypto promotions; he previously paid $11 million to NFT holders from a failed project.