Shaquille O'Neal agreed on $ 1.8 million compensation for FTX investors and is the first celebrity that enclosed lawsuit in connection with the exchange.

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Shaquille O’Neal zahlt 1,8 Millionen Dollar an FTX-Investoren Der ehemalige Basketballstar Shaquille O’Neal hat sich bereit erklärt, 1,8 Millionen Dollar an Investoren des mittlerweile insolventen Kryptowährungsunternehmens FTX zu zahlen. Mit diesem Schritt wird O’Neal der erste Prominente, der eine Einigung in der Sammelklage gegen die Börse erzielt hat. FTX, die von Sam Bankman-Fried gegründete Krypto-Börse, …
Shaquille O’Neal pays $ 1.8 million to FTX investors The former Basketballstar Shaquille O’Neal has agreed to pay $ 1.8 million to investors of the now insolvent cryptocurrency company FTX. With this step, O’Neal becomes the first celebrity to reach an agreement in the class action against the stock exchange. FTX, the crypto exchange founded by Sam Bankman-Fried, ... (Symbolbild/KNAT)

Shaquille O’Neal pays $ 1.8 million of FTX investors

The former basketball star Shaquille O’Neal has agreed to pay $ 1.8 million to investors from the now insolvent cryptocurrency company FTX. With this step, O’Neal becomes the first celebrity to reach an agreement in the collective action against the stock exchange.

ftx, the crypto exchange founded by Sam Bankman-Fried, was involved in one of the largest financial scandals of the crypto world in 2022, which led to significant losses for numerous investors. The repayments of celebrities such as O’Neal are part of a larger legal dispute that is directed against several influencers and advertising media who were connected to the company and have advertised its products.

o’neal unification could be regarded as directional for other similar cases in which prominent personalities are held responsible if their advertising leads to loss of investment. This development raises important questions about the responsibility of influencers and celebrities in the field of financial products and cryptocurrencies.

The decision of Shaquille O’Neal to agree with the investors could also serve as a model for other celebrities, which may also have become legal difficulties. It remains to be seen how the other cases develop and whether further prominent steps will take similar steps to avoid or end legal disputes.