Shaq Agrees To ‘Amicable Proposed Resolution’ With FTX Investors, Terms To Remain Confidential
Posted On April 25, 2025
Basketball legend Shaquille O’Neal, often known as Shaq, settled a lawsuit with FTX (CRYPTO: FTT) customers on Tuesday over a commercial promoting the now-defunct cryptocurrency exchange.
What Happened: O’Neal and the plaintiffs have agreed upon an “amicable proposed resolution,” The Block reported, citing court documents filed in the U.S. District Court for the Southern District of Florida. The terms of the settlement will remain confidential until a motion for preliminary approval is submitted.
The lawsuit was filed in late 2022 by Edwin Garrison, an Oklahoma resident who alleged that he bought an unregistered security from FTX after seeing the company’s advertisements. Shaq was featured in one of them, …
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