NBA star O'Neal agrees to pay $1.8 million to settle FTX investor lawsuit
On June 12th, NBA star Shaquille O'Neal has agreed to pay $1.8 million to settle a class action lawsuit stemming from his promotion of the now-bankrupt cryptocurrency exchange FTX. The settlement agreement is subject to court approval.
Previously, the plaintiffs accused O'Neal of promoting unregistered securities by presenting FTX as a safe and legitimate platform on events and social media. O'Neal had previously stated that he was just a "paid spokesperson" for FTX.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Will List EGL1 (EGL1). Come and grab a share of 850,000 EGL1
Notice: Maintenance for VND deposit service
TAUSDT now launched for futures trading and trading bots
Bitget to decouple loan interest rates from futures funding rates for select coins in spot margin trading
Trending news
MoreCrypto prices
More
