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The Independent UK
The Independent UK
National
Michelle Chapman

Shaquille O'Neal to pay $1.8 million to settle FTX class action lawsuit

FTX Lawsuit Shaquille ONeal NBA Sam Bankman-Fried Stephen Curry Tom Brady Cryptocurrency
Shaq-FTX - (Copyright 2024 The Associated Press. All rights reserved)

Former NBA player Shaquille O'Neal will pay $1.8 million to settle a class action lawsuit related to the demise of cryptocurrency exchange FTX.

O'Neal, and other celebrities like Tom Brady and Stephen Curry, were named in the lawsuit in 2022. They had been accused of touting FTX as a reputable and trustworthy investment option via paid endorsements. The proposed settlement only pertains to O'Neal.

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