Shaq Inks Deal to Settle With FTX Investors Over Boosting Failed Crypto Exchange
Shaquille O’Neal has reached a settlement agreement with a group of FTX investors who accused him of enabling the failed crypto exchange’s fraud by acting as a celebrity promoter, according to a court filing.
Details of the settlement agreement, including the amount O’Neal will pay, have not yet been disclosed. Plaintiffs in the case are seeking up to $21 billion in total damages from O’Neal and other promoters, former executives and other insiders.
The former basketball star-turned-business mogul was just one of a host of celebrity promoters named in the class action suit. Other athletes, including tennis player Naomi Osaka, baseball player Shohei Otani, basketball player Steph Curry and retired football player Tom Brady were…
