NBA legend Shaquille O’Neal just dropped $1.8 million to settle a lawsuit over his role in promoting the now-collapsed FTX crypto exchange. 😳
🧾 What’s the Story?
Investors claim they were misled after seeing Shaq in FTX ads. Ironically, he only got paid $750K for the promo—but now he’s paying more than double to put the legal drama to rest.
Shaq says he was “just a paid actor”, but the lawsuit accused him (and other celebs like Tom Brady and Larry David) of helping boost FTX’s trust before it crashed.
✅ No Guilt, Just Goodbye
Under the deal:
Shaq walks away with no admission of guilt
He won’t get reimbursed from the FTX bankruptcy estate
And yes, he's officially off the hook if the court approves
💡 Why It Matters for Crypto?
This case reminds us: celebrity hype ≠ financial advice. As crypto investors, we’ve got to do our own research (DYOR) — not just trust a familiar face.
👉 Stay sharp. Stay informed. And don’t fall for the glam.
