Shaquille O’Neal Slams $1.8M Settlement in FTX Endorsement Scandal—Crypto Celebs Beware
Basketball legend Shaq just coughed up $1.8M to make his FTX promo lawsuit disappear—proving even crypto’s biggest cheerleaders aren’t immune to the SEC’s hammer.
When memecoins meet megastars
The settlement drops as regulators tighten the screws on celebrity crypto shills. No admission of guilt, but that paycheck stings worse than a missed free throw.
Wall Street’s playing 4D chess while crypto influencers are still figuring out Monopoly money. Maybe next time, read the whitepaper before the paycheck?
Liquidity, Not Headlines, Keeps Bitcoin Pointed Higher, Says Raoul Pal
The case is part of a broader class action lawsuit filed in 2022, targeting a roster of high-profile celebrities and athletes who publicly endorsed FTX without conducting due diligence. Other defendants include Stephen Curry, Tom Brady, Gisele Bündchen, Trevor Lawrence, and Kevin O’Leary.
O’Neal reportedly received $750,000 for his role in promoting the crypto platform. He initially reached a confidential settlement in April, but the amount has now been disclosed in this latest filing.
Bankman-Fried, who was convicted in 2023, is serving a 25-year sentence following one of the most high-profile fraud cases in recent financial history.
