Shaq Inks Deal to Settle With FTX Investors Over Boosting Failed Crypto Exchange

Shaquille O’Neal has reached a settlement agreement with a group of FTX investors who accused him of enabling the failed crypto exchange’s fraud by acting as a celebrity promoter, according to a court filing.Details of the settlement agreement, including the amount O’Neal will pay, have not yet been disclosed. Plaintiffs in the case are seeking up to $21 billion in total damages from O’Neal and other promoters, former executives and other insiders.The former basketball star-turned-business mogul was just one of a host of celebrity promoters named in the class action suit source: https://www.coindesk.com/policy/2025/04/24/shaq-inks-deal-to-settle-with-ftx-investors-over-boosting-failed-crypto-exchange