Shaquille O’Neal reaches the regulation of the FTX lawsuit, the terms remain secret
Shaquille O’Neal lived with investors claiming losses from the collapse of the Cryptocurrency Exchange FTX, according to an April 23 who filed in the US district court for the Southern district of Florida.
The amount of regulating remains confidential, with terms that are expected to be disclosed once the investors formally request the initial court approved, According to in court documents.
O’Neal and other celebrities and athletes have been accused of promoting FTX and are said to contribute to investor losses by endorseing the exchange today.
The case is part of a broader multidistrict trial effort, in which investors are looking for up to $ 21 billion damage from FTX insider, advisors and advocates – more than $ 9.2 billion available through losses.
Other celebrities Riding in similar legal problems For their role in FTX include NFL quarterback Tom Brady, Supermodel Gisele Bündchen, billions of investors Kevin O’Leary, Golden State Warriors, Udonis Haslem, David Ortiz, Naomi Osaka and others.
Noticeably, noticing, FTX investors face challenges In serving O’Neal with legal papers in the early stages of the laws
Related: FTX Dating Execs and Promoter to improve class-action class for $ 1.3M
O’Neal completed $ 11 million regulating the Astrals NFT project
Rehabating FTX investors came as O’Neal recently agreed to pay $ 11 million To solve a lawsuit tied to his involvement with Solana -based astrals NFT project.
In May 2023, O’Neal was Served in the Astral NFT lawsuit During an NBA game at the center of Miami, former FTX Arena. The class act in the class was involved in his progress in the Astrals NFT project, claiming that the NFTs promoted by O’Neal were unregistered security.
In August 2024, a federal court judge Miami ruled out that O’Neal had to defend Some of the claims brought against him in the case.
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