{"id":4746,"date":"2025-04-25T11:15:00","date_gmt":"2025-04-25T10:15:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=4746"},"modified":"2025-04-25T11:08:48","modified_gmt":"2025-04-25T10:08:48","slug":"shaquille-oneal-ftx-settlement","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/shaquille-oneal-ftx-settlement\/","title":{"rendered":"Shaquille O&#8217;Neal Reaches Confidential Settlement in FTX Case !"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"shaquille-oneal-strikes-a-secret-deal-with-ftx-victims\"><strong>Shaquille O&#8217;Neal Strikes a Secret Deal with FTX Victims<\/strong><\/h2>\n\n\n\n<p><strong>Shaquille O&#8217;Neal<\/strong>, the renowned ambassador of the bankrupt <strong>FTX <a href=\"https:\/\/investx.fr\/en\/crypto-investing\/exchange\/best-cryptocurrency-exchange\/\">exchange<\/a><\/strong>, has recently <strong>reached a confidential agreement<\/strong> with aggrieved investors. This out-of-court settlement marks a <strong>decisive turn<\/strong> in the extensive class action taken against FTX promoters.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">ICYMI: Shaquille O\u2019Neal has settled a $21B class-action lawsuit over his promotion of FTX, accused by plaintiffs of being a \u201cPonzi scheme.\u201d <br><br>The \ud83c\udfc0 NBA star\u2019s confidential deal marks a key development in the ongoing case against celebrity endorsers. <a href=\"https:\/\/t.co\/gx8A57FsY5\">pic.twitter.com\/gx8A57FsY5<\/a><\/p>&mdash; Coin Bureau (@coinbureau) <a href=\"https:\/\/twitter.com\/coinbureau\/status\/1915471696108126478?ref_src=twsrc%5Etfw\">April 24, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Indeed, the former NBA star player has managed to find common ground with the plaintiffs of the <strong>class action lawsuit<\/strong> targeting the personalities who promoted the FTX platform. The financial details of this agreement remain strictly <strong>confidential<\/strong> at this time, pending the official filing for preliminary approval by the attorneys of the aggrieved investors.<\/p>\n\n\n\n<p>Sued since November 2022 for his involvement in the <strong>&#8220;I Am All In&#8221;<\/strong> marketing campaign of FTX, perceived as <strong>misleading<\/strong> by many plaintiffs, Shaquille O&#8217;Neal has opted to avoid a lengthy and public trial by opting for an <strong>out-of-court settlement<\/strong>.<\/p>\n\n\n\n<p>This decision comes as the plaintiffs demand up to <strong>$21 billion<\/strong> in <strong>damages<\/strong> from a wide range of promoters and insiders of the exchange, of which O&#8217;Neal is a part.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"questioning-the-accountability-of-crypto-ambassadors\"><strong>Questioning the Accountability of Crypto Ambassadors<\/strong><\/h2>\n\n\n\n<p>Beyond the specific case of Shaquille O&#8217;Neal, this case raises a crucial question for the <a href=\"https:\/\/investx.fr\/en\/crypto-investing\/\">cryptocurrency<\/a> industry: what are the <strong>limits of accountability for &#8220;ambassadors&#8221;<\/strong> and other public figures involved in promoting crypto projects?<\/p>\n\n\n\n<p>While FTX executives like <strong>Sam Bankman-Fried<\/strong> are directly accountable for their central role in the platform&#8217;s collapse, these <strong>celebrities<\/strong> are also accused of <strong>misleading investors<\/strong> through their image and influence. A legal precedent that could have significant implications on how stars, influencers, and institutions engage in promoting the Web3 ecosystem.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">MiCA is officially live! \ud83c\uddea\ud83c\uddfa<br><br>After years of consultation, heated debates, contemplated bitcoin bans, last-minute amendments, and countless votes, MiCA now (actually since Dec 30 2024) officially applies to crypto-asset issuers and service providers in the EU &#8211; even if the latter\u2026 <a href=\"https:\/\/t.co\/3ZTH0KjkIC\">pic.twitter.com\/3ZTH0KjkIC<\/a><\/p>&mdash; Patrick Hansen (@paddi_hansen) <a href=\"https:\/\/twitter.com\/paddi_hansen\/status\/1874770019370078649?ref_src=twsrc%5Etfw\">January 2, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Beyond the United States, this out-of-court settlement resonates strongly with investors as the <strong>MiCA regulation<\/strong> in Europe strengthens around &#8220;financial communications&#8221; related to digital assets.<\/p>\n\n\n\n<p>Therefore, the legal precedent set in the FTX case could influence similar decisions in other jurisdictions, aiming to <strong>enhance<\/strong> individual protection and increase the accountability of stakeholders involved in promoting the cryptocurrency industry.<\/p>\n\n\n\n<p>The confidential settlement between Shaquille O&#8217;Neal and FTX investors marks a <strong>decisive step<\/strong> in the legal saga surrounding the platform&#8217;s collapse. This decision underscores that the era of impunity for celebrities promoting <a href=\"https:\/\/investx.fr\/en\/crypto-news\/grayscale-reveals-top-cryptocurrencies-buy-in-2025\/\">crypto projects<\/a> is now over.<\/p>\n\n\n\n<p>As global digital asset market regulations tighten, this case could have a <strong>lasting impact<\/strong> on how stars, influencers, and institutions will engage in future communication within the Web3 ecosystem. An evolution that will reassure many investors concerned about <strong>transparency and legal protection<\/strong> in a sector that is still young but holds great potential.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/investx.fr\/en\/visit-weex\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Weex : Complete your KYC and receive $10 !<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>More on this topic :<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/investx.fr\/en\/crypto-news\/whales-accumulating-pepe-time-to-buy\/\">Whales Are Still Buying PEPE : Should You Join Them ?<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/investx.fr\/en\/crypto-news\/sui-price-surges-crypto-market-leader\/\">SUI Price Skyrockets, Outpaces All Crypto Competitors !<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/investx.fr\/en\/crypto-news\/ethereum-1400-final-bottom-or-downside\/\">Has Ethereum Bottomed at $1,400 or Is More Downside Coming ?<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The legal battle over the collapse of the FTX platform has taken a significant turn. Shaquille O&#8217;Neal, renowned ambassador of the now-defunct cryptocurrency exchange, has reached a confidential agreement with the affected investors. Uncover the details of this case now.<\/p>\n","protected":false},"author":32,"featured_media":4742,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"ftx","_yoast_wpseo_title":"Shaquille O'Neal Settles FTX Lawsuit Confidentially","_yoast_wpseo_metadesc":"Former basketball star Shaquille O'Neal agrees to undisclosed terms in lawsuit against FTX exchange promoters.","footnotes":"","faq_titre":"","questions_frequentes":"","custom_permalink":""},"categories":[15,10],"tags":[],"class_list":["post-4746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchanges","category-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shaquille O&#039;Neal Settles FTX Lawsuit Confidentially<\/title>\n<meta name=\"description\" content=\"Former basketball star 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