Shaquille O’Neal settles for $1.8M in FTX lawsuit with Tom Brady and Stephen Curry also under fire

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haquille O’Neal’s sanction whitethorn beryllium disconnected the FTX lawsuit, but the fallout is acold from over. His $1.8 cardinal colony came aft promoting a crypto elephantine that spectacularly crumbled.

Meanwhile, celebrities similar Tom Brady and Stephen Curry are inactive heavy successful ineligible limbo. Add a shocking Instagram hack to the mix, and it’s wide — Shaq’s caller weeks person been a high-stakes world cheque connected integer trust.

Shaquille O’Neal becomes archetypal personage to settee successful FTX suit portion others inactive look ineligible heat

Shaquille O’Neal, erstwhile the look of FTX advertisements, became the archetypal personage to settee a class-action lawsuit. The lawsuit, initiated successful 2023, was aimed astatine investors who had either bought FTX tokens oregon deposited funds betwixt May 2019 and precocious 2022.

It alleged that O’Neal, on with Tom Brady, Stephen Curry, and others, made deceptive endorsements that were portion of 1 of the largest fiscal disasters successful the crypto world.

Formally lodged successful June 2025 with the U.S. District Court for the Southern District of Florida, the colony comprises O’Neal’s $750,000 successful currency and $1.05 cardinal successful FTX stock. Under the agreement, helium is required to wage wrong 30 days of the court's approval, helium cannot question reimbursement from FTX’s bankruptcy estate, and helium is granted extortion from immoderate aboriginal claims regarding this case.

FTX deed a highest valuation of astir $32 billion, but it went nether successful November 2022 aft it was revealed that its founder, Sam Bankman-Fried, had taken lawsuit funds for idiosyncratic use. He was sentenced to 25 years successful situation successful March 2024.

Raw endorsements played a large relation successful FTX’s expansion. Shaq, Brady, Curry, Naomi Osaka, Trevor Lawrence, Gisele Bündchen, David Ortiz, Shohei Ohtani, and comedian Larry David each appeared successful FTX ads oregon campaigns.

While O’Neal opted to settle, different defendants are inactive facing lawsuits; a justice restricted the lawsuit successful May 2025 but maintained claims related to the merchantability of unregistered securities nether Florida and Oklahoma law.

If the crypto colony wasn’t capable to get your bosom racing, Shaquille O’Neal besides became a unfortunate of an Instagram hack successful July 2025. Unauthorized posts with fake winning screenshots and promotions from the relationship @mrsjoyce_ tried to fool his 35 cardinal followers into a gambling/crypto scam.

Thankfully, the hack was resolved swiftly and Shaq got his relationship back, but it truly showed that adjacent verified accounts tin beryllium targets for cybercrime.Also Read: LaMelo Ball watches courtside arsenic Liam McNeeley scores 22 to pb Charlotte Hornets past Utah JazzHigh-profile endorsements mightiness bring ineligible issues if they misrepresent and origin fiscal loss. O’Neal’s colony is apt lone the extremity of the iceberg, with others perchance facing billions successful liabilities. Even personage accounts aren’t immune to hacks; societal media users should beryllium wary of scams.