PANews reported on April 24 that NBA star Shaquille O'Neal reached a settlement with investors who suffered losses due to the collapse of FTX. The specific amount will be announced upon court approval.
O’Neal is one of the celebrities sued for promoting FTX, encouraging fans to join the platform in ads. These endorsements attracted legal attention after FTX collapsed. Investors demanded more than $21 billion in damages.
Earlier news said that NBA star O'Neal will pay 11 million US dollars to reach a final settlement in the Astrals NFT lawsuit .
