{"id":160095,"date":"2025-06-15T21:00:49","date_gmt":"2025-06-15T18:00:49","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=160095"},"modified":"2025-06-15T02:43:07","modified_gmt":"2025-06-14T23:43:07","slug":"shaquille-oneal-agrees-to-1-8m-settlement-over-ftx-endorsement-lawsuit","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/shaquille-oneal-agrees-to-1-8m-settlement-over-ftx-endorsement-lawsuit\/","title":{"rendered":"Shaquille O\u2019Neal Agrees to $1.8M Settlement Over FTX Endorsement Lawsuit"},"content":{"rendered":"<p><strong><a href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.flsd.648382\/gov.uscourts.flsd.648382.928.0.pdf\" rel=\"nofollow\">The<\/a><\/strong> agreement comes nearly two years after FTX collapsed under the leadership of Sam Bankman-Fried, who misused customer funds and misled investors.<\/p>\n<p>The settlement was reached after prolonged negotiations, building on earlier mediation efforts. While the terms have been finalized between the parties, the court still needs to approve the deal. O\u2019Neal is expected to pay the agreed amount within 30 days of official approval.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-160065\" href=\"https:\/\/cryptodnes.bg\/en\/liquidity-not-headlines-keeps-bitcoin-pointed-higher-says-raoul-pal\/\" title=\"Liquidity, Not Headlines, Keeps Bitcoin Pointed Higher, Says Raoul Pal\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-2-8-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Liquidity, Not Headlines, Keeps Bitcoin Pointed Higher, Says Raoul Pal<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>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 B\u00fcndchen, Trevor Lawrence, and Kevin O\u2019Leary.<\/p>\n<p>O\u2019Neal 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.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Basketball icon Shaquille O\u2019Neal has agreed to pay $1.8 million to settle a lawsuit tied to his promotion of the now-bankrupt crypto exchange FTX, according to new court filings.<\/p>\n","protected":false},"author":3,"featured_media":135883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[424],"coin_category":[],"class_list":["post-160095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocrime","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is 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