April 24, 2025
Shaq Inks Deal to Settle with FTX Investors Over Boosting Failed Crypto Exchange thumbnail
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Shaq Inks Deal to Settle with FTX Investors Over Boosting Failed Crypto Exchange

The Suit Named A Host of Other Celebrity Promotors, Including Baseball Player Shohei Otani, Comedian Larry David, and Model Gisele Bundchen.”, – WRITE: www.coindesk.com

The Suit Named A Host of Other Celebrity Promotors, Including Baseball Player Shohei Otani, Comedian Larry David, and Model Gisele Bundchen. Updated APR 24, 2025, 4:12 PM PUBLISHED APR 24, 2025, 3:33 PM

Shaquilla O’neal Has Reached A Settlement Agreement with A Group of FTX Investors Who Acused Him of Enabling The Failed Crypto Exchange’s Fraud by ACOTING ACOMBRY filing.

Details of the Settlement Agreement, Including the Amount O’neal Will Pay, Have Not Yet Been DisClosed. PLANTIFF IN THE CASE ARE SEEKING UP to $ 21 Billion in Total Damages from O’neal and Other Promotors, Former Executives and Other Insiders.

The Former Basketball Star-Turned-Business Mogul Was Just One of A Host of Celebrity Promotors Named in the Class Action Suit. Other athletes, Including tennis Player Naomi Osaka, Baseball Player Shohei Otani, Basketball Player Steph Curry and Retired Football Player Tom Brady Wreit, ALNED ALNED AS DEMED. Shark Tank Star Kevin O’leary, and Model Gisele Bundchen.

Thought O’neal Is The First Big-Name Defendant in the Case to Settle on Wednesday, Seven Other Celebrity Promotors and Former Executives Reached A Setlement Agreement Quarterback Trevoor Lawrence, and Youtubers Tom Nash, Graham Stephan and Andrei Jikh. The First Transche of Settlements Were Relative Small, Totalling A Collective $ 1.4 Million.

O’neal’s settlement with ftx investors is not his first tied to a promotion of a failed Crypto Project. Last Year, O’neal and Several of His Associates Agreed to Pay $ 11 Million to Astral Non-Fungible Token (Nft) Holders Who Lost Money in The Solana-Based Project.

Cheyenne ligon

On the News Team at Coindesk, Cheyenne Focuses on Crypto Regulation and Crime. Cheyenne is Originally from Houston, Texas. She Studied Political Science at Tulane University in Louisiana. In December 2021, She Graduated from Cuny’s Craig Newmark Graduate School of Journalism, WHERE SHE FOCUSED ON BUSINESS AND ECONOMICS REPORTING. She have no signifyant crypto holdings.

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Cheyenne ligon

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