Shaquille O'Neal, the NBA legend and former FTX brand ambassador, has reached a settlement with victims of the FTX collapse. As reported by Cointelegraph, the terms of the agreement will remain confidential until court approval. O'Neal faced a $21 billion class-action lawsuit alleging his promotion of FTX led to significant investor losses. Plaintiffs argued O'Neal's endorsement encouraged users to invest in the now-bankrupt cryptocurrency exchange. The settlement aims to resolve these claims. This development marks a significant step in the ongoing legal proceedings surrounding FTX. The settlement's impact on other celebrity endorsers named in the lawsuit remains to be seen. The focus now shifts to the court's decision on approving the agreement and its potential implications for FTX victims seeking restitution. ```