{"id":31472,"date":"2025-06-12T07:31:32","date_gmt":"2025-06-12T07:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31472"},"modified":"2025-06-12T07:31:32","modified_gmt":"2025-06-12T07:31:32","slug":"nba-legend-shaq-settles-ftx-class-action-for-1-8-million-without-admitting-fault-in-crypto-promotion-case","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31472","title":{"rendered":"NBA Legend Shaq Settles FTX Class Action For $1.8 Million Without Admitting Fault In Crypto Promotion Case"},"content":{"rendered":"<div>\n<p>Basketball legend <strong>Shaquille O\u2019Neal<\/strong>, often known as\u00a0<strong>Shaq,<\/strong> will pay $1.8 million to <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/05\/45614311\/fraudster-sam-bankman-fried-set-to-leave-prison-four-years-early-as-good-conduct-credits-trim-his-25-year-sentence\">settle allegations that he promoted unregistered securities<\/a> through his endorsement of the collapsed cryptocurrency exchange <strong>FTX<\/strong>.<\/p>\n<p><strong>What Happened<\/strong>: The proposed settlement, filed in Florida federal court on Wednesday, resolves a class action lawsuit without O\u2019Neal admitting wrongdoing. The deal marks one of the first high-profile celebrity settlements stemming from FTX\u2019s November 2022 bankruptcy, <a href=\"https:\/\/www.cnbc.com\/2025\/06\/11\/shaq-settle-ftx-lawsuit.html\">reported<\/a> CNBC.<\/p>\n<p>Plaintiffs accused the NBA superstar\u00a0of presenting FTX as a trustworthy investment platform through live events and social media content. The class action covers investors who deposited funds into FTX or held its proprietary FTT token between May 2019 and &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/25\/06\/45898173\/nba-legend-shaq-settles-ftx-class-action-for-1-8-million-without-admitting-fault-in-crypto-promotion-case\" alt=\"NBA\" legend shaq settles ftx class action for million without admitting fault in crypto promotion case>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Basketball legend Shaquille O\u2019Neal, often known as\u00a0Shaq, will pay $1.8 million to settle allegations that he promoted unregistered securities through his endorsement of the collapsed cryptocurrency exchange FTX. What Happened: The proposed settlement, filed in Florida federal court on Wednesday, resolves a class action lawsuit without O\u2019Neal admitting wrongdoing. The deal marks one of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31472","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31472"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31472\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}