Shaquille O'Neal, the retired basketball star and NBA analyst, has agreed to pay $1.8 million to settle claims that he misled investors by promoting the now-bankrupt crypto exchange FTX. O'Neal, who urged fans to trust the platform in a commercial,

Shaquille O’Neal can finally breathe a sigh of relief. The basketball legend turned businessman and TV personality has agreed to pay $1.8 million to settle a class-action lawsuit over his role in promoting the now-defunct cryptocurrency exchange FTX.

Customers of FTX, the collapsed cryptocurrency exchange, accused Mr. O’Neal and other celebrities of illegally promoting it.

Shaquille O'Neal will pay $1.8 million as part of a settlement in which he was named in the FTX class-action lawsuit, along with other high-profile athletes.

The cryptocurrency ecosystem has marked a pivotal moment as FTX, once a major crypto exchange, began its creditor distribution process.

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

Shaquille O'Neal has agreed to pay $1.8 million to settle a class-action lawsuit brought by investors in the collapsed crypto exchange FTX. The payout is approximately $1 million more than the $750,000 O'Neal was reportedly paid for his role in an FTX commercial.

FTX received $40M worth of SOL from the wallets of Coinbase Prime, where the tokens were staked. The new tranche may also go toward repaying creditors after liquidating the SOL at around $157.

Cycles launches decentralized clearing protocol to revive crypto credit markets still reeling from the 2022 crisis that collapsed firms like FTX and BlockFi.

Andrei Grachev, an early booster of a Trump crypto offering, has cycled through several alleged investment scams and was convicted on fraud charges in Russia.

The bankruptcy estate of FTX and Alameda Research has unstaked 188,000 staked Solana tokens worth $31.5 million.