Overview

• Shaquille O’Neal has reached a confidential settlement in a lawsuit alleging he actively participated in FTX's unregistered securities offerings.
• Attorneys have requested the settlement terms remain sealed, reflecting a broader trend of confidentiality in high-profile crypto litigation.
• Investors are seeking an additional $21 billion in damages from FTX promoters, adding to $9.2 billion in customer claims already filed in bankruptcy court.
• O’Neal’s role as a paid spokesperson, rather than a decision-maker, was emphasized by his lawyers and acknowledged in a 2024 court ruling.
• The settlement follows Shaq’s previous $11 million resolution in a separate lawsuit involving the Astrals NFT project.