Shaq Scores a Settlement in FTX Crypto Clash

Holy hoops! NBA legend Shaquille O’Neal just dunked a proposed settlement into the court over his role in promoting the now-defunct crypto exchange, FTX. Yeah, you heard that right—Shaq’s trying to put this game to rest!

Shh, keep it down—the details are hush-hush until the plaintiffs file for that preliminary approval motion. We're all on the edge of our seats here, waiting to see what's in the playbook.

Remember that class-action lawsuit from back in November 2022? It claimed Shaq’s big smile in the “FTX: I Am All In” campaign was a total misdirection, luring folks into pouring their cash into a platform that crumbled faster than a poorly set pick.

And get this—the plaintiffs are gunning for a jaw-dropping $21 billion from a whole roster of FTX promoters and insiders, including our man Shaq. That’s some serious coin they're after!

Court Papers at an NBA Game

Oh, and did you catch the drama last year? Shaq got served those court papers live on TV during an NBA playoff game at Miami's Kaseya Center, the spot formerly known as FTX Arena. Talk about a halftime show!

Before that, attempts to serve him at his Texas crib and through digital channels were swatted away like annoying flies. But not this time—those papers found their mark!

Judge K. Michael Moore, who’s calling the shots in this case, wasn’t having any of the unconventional serving antics. He laid down the law, stressing the need for legit legal moves given the high stakes and hefty dollar signs involved.

Shaq’s not the only celeb caught in this crypto storm. He’s just one of the big names tangled up in this sprawling lawsuit against FTX promoters. Investors are still out for blood, hunting down compensation for the bucks they lost when FTX went belly up.