List of Flash News about crypto celebrity endorsement
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2025-07-04 02:20 |
Shaquille O'Neal's $1.8M FTX Lawsuit Settlement: What Crypto Traders Need to Know
According to @FoxNews, NBA legend Shaquille O’Neal has agreed to a $1.8 million settlement to resolve a class-action lawsuit from investors of the collapsed crypto exchange FTX. The lawsuit alleged that O'Neal, who was reportedly paid $750,000 for a commercial, misled investors through his promotional activities. This settlement, which is pending court approval, would release O'Neal from future claims without an admission of wrongdoing. For traders, this event highlights the significant legal and reputational risks associated with celebrity-endorsed crypto projects, serving as a critical data point when assessing a project's marketing and potential liabilities. The case is part of the ongoing fallout from the FTX collapse, whose founder Sam Bankman-Fried was sentenced to 25 years in prison. |