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Shaq Signs $1.8 Million Check to End His Crypto Drama

Shaquille O’Neal can finally breathe a sigh of relief. The basketball legend turned businessman and TV personality has agreed to pay $1.8 million to settle a class-action lawsuit over his role in promoting the now-defunct cryptocurrency exchange FTX. While the payment closes a legal chapter for the former Laker, it also marks a turning point in how courts are treating celebrity endorsements in the volatile world of crypto, a space where stardom once offered both hype and cover. O’Neal is among

Shaquille O'Neal settles long-running FTX investor lawsuit for $1.8 million

Serving tech enthusiasts for over 25 years.TechSpot means tech analysis and advice you can trust What just happened? Shaquille O'Neal's long-running legal issues over his promotion of the now-bankrupt crypto exchange FTX appear to have ended. The former NBA star has agreed to pay $1.8 million to settle claims that he misled investors. In November 2022, a class action lawsuit was launched by investor Edwin Garrison against FTX founder Sam Bankman-Fried, claiming he misled customers and cost inv

Shaquille O’Neal to pay $1.8 million to settle FTX investor lawsuit

Shaquille O'Neal sits on the bench before the game between the Indiana Pacers and the New York Knicks during Game 2 of the 2025 Eastern Conference Finals at Madison Square Garden in New York City, New York, on May 23, 2025. Shaquille O'Neal has agreed to pay $1.8 million to settle claims that he misled investors by promoting the now-bankrupt crypto exchange FTX. The retired NBA superstar, who once urged fans to trust the platform, will resolve the allegations without admitting wrongdoing. But