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NBA star Shaquille O'Neal agrees to pay $1.8 million to settle FTX investor lawsuit

NBA star Shaquille O'Neal agrees to pay $1.8 million to settle FTX investor lawsuit

金色财经2025/06/12 02:23

On June 12, it was reported that NBA star Shaquille O'Neal has agreed to pay $1.8 million to settle a class-action lawsuit stemming from his promotion of the now-bankrupt cryptocurrency exchange FTX. The settlement agreement is subject to court approval. Previously, plaintiffs accused O'Neal of helping to promote unregistered securities by presenting FTX as a safe and legitimate platform at events and on social media. O'Neal had previously stated that he was merely a "paid spokesperson" for FTX.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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