According to CoinWorld, NBA star Shaquille O'Neal has reached a settlement with investors affected by the collapse of FTX, with the specific amount to be disclosed upon court approval. It is reported that O'Neal is one of the celebrities sued for promoting FTX, as he encouraged fans to join the platform in advertisements. Following the collapse of FTX, these endorsements have drawn legal scrutiny. Investors are seeking over $21 billion in compensation. Previously, it was reported that NBA star O'Neal would pay $11 million to reach a final settlement regarding the Astrals NFT lawsuit.
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According to CoinWorld, NBA star Shaquille O'Neal has reached a settlement with investors affected by the collapse of FTX, with the specific amount to be disclosed upon court approval. It is reported that O'Neal is one of the celebrities sued for promoting FTX, as he encouraged fans to join the platform in advertisements. Following the collapse of FTX, these endorsements have drawn legal scrutiny. Investors are seeking over $21 billion in compensation. Previously, it was reported that NBA star O'Neal would pay $11 million to reach a final settlement regarding the Astrals NFT lawsuit.