Shaquille O’Neal has concluded a settlement agreement with a group of FTX investors who accused him of allowing fraud of the Crypto Exchange failure by acting as a developer of celebrities, according to a legal file.
The details of the settlement agreement, including the amount that O’Neal will pay, has not yet been disclosed. The complainants of the case require up to $ 21 billion in total O’Neal damages and other promoters, former leaders and other initiates.
The former basketball star who has become a business tyk is only a host of celebrities promoters appointed as part of collective appeals. Other athletes, including the tennis player, Naomi Osaka, the baseball player Shohei Otani, the basketball player Steph Curry and the retired football player Tom Brady were also appointed defendants, with the actor Larry David, Shark tank Star Kevin O’Leary and Gisele Bundchen model.
Although O’Neal is the first big defendant of the case to settle on Wednesday, seven other celebrity promoters and former managers concluded a settlement agreement with investors in 2023, including the quarter of Jaguars Trevor Lawrence and the Youtubers Tom Nash, Graham Stephan and Andrei Jikh. The first slice of colonies was relatively low, totaling a collective of $ 1.4 million.
The O’Neal regulation with FTX investors is not its first to link to the promotion of a failed cryptography project. Last year, O’Neal and several of his associates agreed to pay $ 11 million to holders of non -Bubilist Astraux (NFT) tokens who lost money in the Solana -based project that he founded and promoted.
