Shaquille O’Neal has reached a conciliation agreement with a group of FTX investors who accused him of enabling the fraud of the exchange of failed cryptography by acting as a celebrity promoter, according to a judicial presentation.
The details of the conciliation agreement, including the amount you will pay O’Neal, have not yet been revealed. The plaintiffs in the case look for up to $ 21 billion in total damage of O’Neal and other promoters, former executives and other experts.
The former magnate of the basketball star turned into business was only one of the promoters of celebrities appointed in collective demand. Other athletes, including tennis player Naomi Osaka, baseball player Shhehei Otani, basketball player Steph Curry and retired soccer player Tom Brady were also appointed accused, along with comedian Larry David, Shark tank Star Kevin O’Leary and the model Gisele Bundchen.
Although O’Neal is the first renowned accused in the case in establishing Wednesday, another seven celebrities promoters and former executives reached a conciliation agreement with investors in 2023, including the Jaguars Campo Marshal, Trevor Lawrence and YouTubers, Tom Nash, Graham Stephan and Andrei Jikh. The first section of settlements was relatively small, totaling a collective of $ 1.4 million.
The O’Neal settlement with FTX Investors is not the first linked to a promotion of a failed cryptographic project. Last year, O’Neal and several of its associates agreed to pay $ 11 million to the non -fungible token (NFT) astral headlines that lost money in the Solana headquarters that founded and promoted.
