Basketball legend Shaquille O’Neal has reached a confidential agreement with investors who alleged losses due to his promotion of the now-collapsed cryptocurrency exchange FTX. The settlement terms remain sealed, but will be disclosed once investors seek preliminary court approval. This follows a similar deal in which O’Neal settled another class-action lawsuit over his promotion of an NFT project, Astrals. O’Neal has faced legal challenges for his involvement with FTX and the Astrals project, facing difficulties serving him due to evasive tactics and eventually agreeing to pay $11 million in penalties . The settlement brings closure to a lawsuit that saw him join a wider legal battle against FTX insiders, promoters, and advisors seeking up to $21 billion in damages. Other prominent figures named in the lawsuit include Tom Brady, Gisele Bündchen, Kevin O’Leary, Naomi Osaka, David Ortiz, and Udonis Haslem . O’Neal has also been involved with numerous legal battles involving cryptocurrencies, navigating a complex landscape where celebrities and influencers played a role in promoting NFTs. The case highlights the blurred lines between collectibles and frauds in the burgeoning NFT space, drawing parallels to Cristiano Ronaldo’s controversial NFT launch.**