The retired legend Shaquille O'Neal has reached an agreement in the case that he was allegedly during the race. The lawsuit lawsuit was accused by FTX of active participation and selling unregistered securities before the company collapsed in 2022.
Before FTX DebanchWhen things were still rosy, Shaquille O'Neal was reported in an advertisement that he claimed to be “everything” in the shift, although he later claimed that he did not understand Crypto.
We couldn't keep it secret anymore! We work together … the only…@Shaq!! (Aka Shaqtoshi) pic.twitter.com/v37uq5wsxi
– FTX (@ftx_official) 1. June 2022
Shaquille O'Neal joined FTX advertising
According to the court documents submitted in southern Florida on April 23, the plaintiffs are mostly investors who claim that the FTX misleads them in terms of its financial stability and operations, and O'Neal has reached the planned agreement and will soon submit a formal application for approval.
Unfortunately, the details of the billing terms have not been distributed as they required to remain confidential.
It will complete the case that O'Neal was allegedly running from lawyers, as lawyers at the law firm said in a law firm that they had difficulty serving papers to the NBA legend.
The company said it made several attempts to serve O'Neal with these papers, including a week of Atlanta TNT Studios in the hope of complaining to him manually.
O'Neal was tied The FTX Drama, after the FTX current leadership, submitted to the US Bankruptcy Court of 2023, revealed the list of celebrities, businesses and sports teams who had received payments for assisting their marketing activities.
According to the documents, the former NBA paid a note of nearly $ 750,000.
The FTX case is not the first time O'Neal is involved in a cryptocurrency agreement that led to the agreement. In 2024, he also agreed to an agreement related to his Astrals NFT project.
Since then, O'Neal actively promoted astral NFT projectThen it gave up this in 2022, which led to some people lost huge sums of money.
Later, a Florida federal judge decided that the NBA legend could be considered a credible seller of assets under the Securities Act, and then O'neal and all related astral units agreed to assist the $ 11 million financial assistance.
Other celebrities are also related to FTX Fallout
O'Neal is the last celebrity who reached an agreement with the plaintiffs of the FTX case, but he is not the only celebrity who came across after FTX's death after legitimate battles.
Others like him, who have had to face the consequences, include NFL quarterback Tom Brady, his former wife Gisele Bundchen, tennis star Naomi Osaka and Shark Tank's personality Kevin O'Leary.
Also included were NFL quarter player Trevor Lawrence, who signed a sponsorship contract with FTX subsidiary Blockfolo and Youtibers Tom Nash and Kevin Paffrath. Like O'Neal, they also agreed with undisclosed settlements.
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