Shaquille O’Neal settling FTX class action lawsuit for $1.8M

NBA legend Shaquille O’Neal has agreed to pay $1.8 million to settle a class action lawsuit over his promotion of the now-defunct crypto exchange FTX. 

The proposed settlement agreement would resolve the case against the former basketball player, who was one of several celebrities and notable figures sued in the wake of FTX’s collapse. 

“The FTX collapse—the rapid unravelling of one of the world’s biggest scams—is certainly one of recent history’s greatest financial disasters,” the filing reads.