NBA legend Shaquille O'Neal pays $1.8 million to settle lawsuit over promotion of encryption exchange.

BlockchainTechnologyFrontier · 2025-06-12T05:24:57+00:00

[Golden Finance] On June 12, NBA star Shaquille O'Neal has agreed to pay $1.8 million to settle a class action lawsuit stemming from his promotion of a now-defunct Crypto Assets exchange platform, which requires court approval for the settlement agreement. According to previous reports, the plaintiffs accused O'Neal of helping to promote unregistered securities by presenting the platform as a safe and legitimate platform at events and on social media. O'Neal has previously stated that he was merely a "paid spokesperson" for the platform.

BlockchainTechnologyFrontier

2025-06-12 05:24:57

On June 12, NBA star Shaquille O’Neal (Shaquille O’Neal) has agreed to pay $1.8 million to settle a class action lawsuit arising from the promotion of a bankrupt cryptocurrency exchange platform, and the settlement agreement needs to be approved by the court. Previously, the plaintiff alleged that O’Neill helped promote unregistered securities by presenting a platform as a safe and legal platform at events and on social media. O’Neill has previously said that he is only a “paid spokesperson” for a certain platform.

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