CoinTelegraph 2025-04-24 09:53:54

Shaquille O’Neal reaches settlement in FTX lawsuit, terms remain secret

Shaquille O’Neal has settled with investors who claim losses from the collapse of cryptocurrency exchange FTX, according to an April 23 filing in the US District Court for the Southern District of Florida. The settlement amount remains confidential, with terms expected to be disclosed once investors formally request preliminary court approval, according to court documents. O’Neal and other celebrities and athletes were accused of promoting FTX and allegedly contributing to investor losses by endorsing the now-bankrupt exchange. Source: Court Listener The case is part of a broader multidistrict litigation effort, where investors are seeking up to $21 billion in damages from FTX insiders, advisers and promoters — far exceeding the $9.2 billion available through bankruptcy proceedings. Other celebrities embroiled in similar legal troubles for their role in FTX include NFL quarterback Tom Brady, supermodel Gisele Bündchen, billionaire investor Kevin O’Leary, Golden State Warriors, Udonis Haslem, David Ortiz, Naomi Osaka and others. Notably, FTX investors faced challenges in serving O’Neal with legal papers during the early stages of the lawsuit over his promotion of the collapsed exchange. Related: FTX former execs and promoters to settle class-action lawsuit for $1.3M O’Neal finalizes $11 million settlement over Astrals NFT project The settlement with FTX investors comes as O’Neal recently agreed to pay $11 million to resolve a class-action lawsuit tied to his involvement in the Solana-based Astrals NFT project . In May 2023, O’Neal was served with the Astral NFT lawsuit during an NBA game at Miami’s Kaseya Center, formerly the FTX Arena. The class-action lawsuit involved his promotion of the Astrals NFT project, alleging that the NFTs promoted by O’Neal were unregistered securities. In August 2024, a Miami federal court judge ruled that O’Neal would need to defend some of the claims brought against him in the case. Magazine: Ethereum maxis should become ‘assholes’ to win TradFi tokenization race

Наиболее читаемые новости

New SEC Leadership Sparks Optimism in the Cry...
2025-04-25
Solana (SOL) Price Stuck at a Major Resistanc...
2025-04-25
Cantor SPAC Surge Hits 220% on Deal to Become...
2025-04-25
PolitiFi Memecoins Soar After TRUMP President...
2025-04-25
Whales Fuel Bitcoin's Comeback with Major Acc...
2025-04-25
Sol Strategies Launches Orangefin Mobile App...
2025-04-25
Stripe is building stablecoin product powered...
2025-04-25
Peaky Blinders crypto game slated to launch n...
2025-04-25

https://www.digistore24.com/redir/325658/ceobig/

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения