Shaquille O’Neal Settles FTX Endorsement Lawsuit for $1.8 Million

Basketball legend Shaquille O’Neal has agreed to a $1.8 million settlement in connection with his endorsement of the now-defunct cryptocurrency exchange, FTX. The agreement comes after months of negotiations and follows accusations that O’Neal misled investors by promoting the platform before its collapse in 2022 due to fraud. The court must now review and approve the settlement terms for it to become official.