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NBA legend Shaquille O’Neal has agreed to pay $1.8 million to settle a lawsuit tied to his endorsement of the failed crypto exchange FTX. The lawsuit accused him and other celebrities of failing to conduct due diligence before promoting the platform. The settlement is pending court approval.
- Shaquille O’Neal settles FTX endorsement lawsuit for $1.8 million, pending court approval.
- The lawsuit accused O’Neal and other celebrities of failing to conduct due diligence before promoting FTX.
- FTX collapsed in 2022 after CEO Sam Bankman-Fried was found guilty of fraud and mismanagement.
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Other Tags: Crypto Chase, Kevin O'Leary, Sam Bankman-Fried