NBA star O'Neal agrees to pay $1.8 million to settle FTX investor lawsuit
On June 12th, 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, the plaintiffs accused O'Neal of promoting unregistered securities by presenting FTX as a safe and legitimate platform on events and social media. O'Neal had previously stated that he was just 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.
You may also like
Bitget to Adjust CFD Leverage During Special Trading Periods in the Fourth Week of October 2026
Upgraded App copy trading experience
Axis Robotics (AXIS) to be listed on Bitget Launchpool — Grab a share of 1,333,333 AXIS
CandyBomb x AXIS: Trade to share 533,333 AXIS
Crypto prices
More
