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

NBA Lequent the Oneal agreed to pay $ 1.8 million to solve a Demand of class carried by investors in the Crypto’s Cryapo Exchange, second Different The media reports this week.

Investors attracted that O’NEAL Miskes them to appear in ads for the CollapseGE C Cryptorgency Exchange. The payment is about $ 1 million over $ 750,000 O’Neal has been resumed for his role in a FTX trading.

The former family story was between the celebrities, including David Tom Bradia and Larry, which were teeth of promoting the exchange before their collapse at the end of 2022.

O’Neal has kept he was simply a paid player in the ad, saying After the exchange collapse was “only a spokespae paid for a business.”

If the establishment is approved, O’NEAL will be released from all the future requests attached to the cause. It will not be allowed to be allowed by FTX Fabrication company and will not be wrong, as per the CNBC report.

Cause was filed on FTX users who deposited the funds between 2019 and the end of 2022, before the company’s dramatic failure.

FTX Founder, Sam Bankman-Fried, it was convicted of 25 years in prison for customers to defraud and investors. Its sentence could be cut out of more than four years.