Overview

• O’Neal agreed to pay $1.8 million to settle a class-action suit alleging he misled investors through FTX endorsements.
• The payout exceeds his $750,000 advertising fee and bars him from seeking reimbursement from FTX’s bankruptcy estate.
• If approved, the deal releases O’Neal from all claims tied to investor losses between May 2019 and late 2022 without any admission of wrongdoing.
• Other high-profile endorsers such as Tom Brady and Steph Curry remain defendants in lawsuits seeking billions in damages over unregistered crypto promotions.
• Brady has since invested in Catena Labs, a Boston startup developing an AI-powered banking platform, as he navigates ongoing legal exposure.