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Shaq Signs $1.8 Million Check to End His Crypto Drama

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Summary
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62% Informative

Shaq O’Neal agrees to pay $1.8 million to settle a class-action lawsuit over his role in promoting the now-defunct cryptocurrency exchange FTX.

FTX, which filed for Chapter 11 bankruptcy on Nov. 11, 2022 , had become a crypto juggernaut thanks in part to its celebrity ambassadors.

Shaq reportedly distanced himself from the venture, leaving investors to fend for themselves.

VR Score

60

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57

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49

Article tone

semi-formal

Language

English

Language complexity

50

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not offensive

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not hateful

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not detected

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short-lived

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