Shaquille O’Neal Pays $1.8 Million to Settle FTX Lawsuit

Shaquille O’Neal, a renowned NBA Hall of Famer and media personality, has agreed to pay $1.8 million to settle a class action lawsuit alleging he promoted unregistered securities tied to the now-bankrupt crypto exchange FTX. The settlement includes financial restitution as well as legal immunity shielding him from future FTX claims and a prohibition on seeking repayment from the bankrupt company’s estate. )