Shaquille O’Neal Settling Lawsuit Over FTX Ads, Avoiding Admission of Wrongdoing

NBA legend Shaquille O’Neal has agreed to settle a legal dispute over his involvement in FTX cryptocurrency advertisements. The settlement involves paying $1.8 million, nearly double the original earnings from the partnership, as a way to avoid further legal claims and potential liability. This comes after the high-profile exchange’s collapse led to accusations of misleading investors by promoting FTX through celebrity endorsements. O’Neal has maintained his innocence throughout the process, arguing he was merely an actor hired for promotional purposes.