Shaq Inks Deal to Settle With FTX Investors Over Boosting Failed Crypto Exchange

The suit named a big of different personage promoters, including shot subordinate Shohei Otani, comedian Larry David, and exemplary Gisele Bundchen.

Apr 24, 2025, 3:33 p.m.

Shaquille O’Neal has reached a colony statement with a radical of FTX investors who accused him of enabling the failed crypto exchange’s fraud by acting arsenic a personage promoter, according to a tribunal filing.

Details of the colony agreement, including the magnitude O’Neal volition pay, person not yet been disclosed. Plaintiffs successful the lawsuit are seeking up to $21 cardinal successful full damages from O’Neal and different promoters, erstwhile executives and different insiders.

The erstwhile hoops star-turned-business mogul was conscionable 1 of a big of personage promoters named successful the people enactment suit. Other athletes, including tennis subordinate Naomi Osaka, shot subordinate Shohei Otani, hoops subordinate Steph Curry and retired shot subordinate Tom Brady were besides named arsenic defendants, on with comedian Larry David, Shark Tank prima Kevin O’Leary, and exemplary Gisele Bundchen.

Though O’Neal is the archetypal big-name suspect successful the lawsuit to settee connected Wednesday, 7 different personage promoters and erstwhile executives reached a colony statement with the investors backmost successful 2023, including Jaguars backmost Trevor Lawrence, and Youtubers Tom Nash, Graham Stephan and Andrei Jikh. The archetypal tranche of settlements were comparatively small, totalling a corporate $1.4 million.

O’Neal’s colony with FTX investors is not his archetypal tied to a promotion of a failed crypto project. Last year, O’Neal and respective of his associates agreed to wage $11 cardinal to Astral non-fungible token (NFT) holders who mislaid wealth successful the Solana-based task helium founded and promoted.

Cheyenne Ligon