Shaquille O’Neal’s settlement with investors over his FTX promotion remains confidential until court approval. Plaintiffs claim losses exceeding 21 billion USD, separate from estimated available funds of 9.2 billion USD through bankruptcy.
Serving O’Neal with legal papers for the FTX case was notably difficult, with efforts to reach him failing multiple times. He was ultimately served during an NBA game in April 2023.
This settlement follows O’Neal’s involvement in another class-action lawsuit regarding his Solana-based NFT project, Astrals, which resulted in an 11 million USD settlement.
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