Shaquille O'Neal and Naomi Osaka can spare the court from the FTX lawsuit

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The former NBA star Shaquille O’Neal and the tennis professional Naomi Osaka could avoid being held accountable in the cryptocurrency exchange FTX due to a lack of notification.

According to the order issued on March 9, the US district judge Kevin Moore said it was unclear whether O’Neal and Osaka had been informed about the lawsuit. Therefore, the judge asked that the plaintiffs explain why the sports stars should not be rejected by the lawsuit.

whose are Shaquille O’Neal and Naomi Osaka accused?

Shaquille O’Neal and Naomi Osaka could be accused of using the FTX cryptocurrency exchange together with other sports stars and television actors to use small investors with little knowledge of the world of cryptocurrencies.

The NFL superstar and seven-time championship ring winner Tom Brady, who acquired a significant participation in FTX, among other things, and through a media agreement became a partner of a company in which he and his wife provided support in promoting the platform, Bloomberg reported.

Brady received 1.1 million FTX shares with a market value of around $ 45 million. At the same time, his wife received shares worth around $ 25 million.

Both investments were almost worthless with the collapse of Sam Bankman-Fried's empire overnight, which is under house arrest and is on the ground for several charges for financial fraud in connection with the bankruptcy of FTX and its subsidiaries-including the Alameda Research trade company.

In contrast to Brady, a well-known cryptocurrency enthusiasts and promoters, Shaquille O’Neal said that he was simply a paid spokesman and not the same passion for cryptocurrencies as other stars. He even went so far to say in 2021 that crypto seemed "too good to be true".

That may be one of the reasons why the judge did not act as aggressively towards Shaq.

The lawsuit against the FTX promoters is continued as planned

Richter Kevin Moore stated that the lawsuit would be continued as planned because the accused (including Tom Brady, Gisele Bündchen, Kevin O’Leary and Trevor Lawrence) are not those who should apply for a shift in the conference. The plaintiffs who have not yet done are responsible for submitting this application.

On March 8, the judge rejected the application for the merging of other lawsuits against FTX with the argument that the accused did not yet want to answer for their crimes.

As reported by Cryptopotato , the lawyers of Sam Bankman-Fried may plan to change the negotiation date, since it also gives evidence of his participation in the millions of dollar fraud from FTX and the accumulation of four new charges for fraud and money laundering (in addition to the eight).

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