Shaquille O'Neal agrees to pay $1.8M to settle FTX crypto endorsement

Mihai Prelipcean

June 13 (UPI) -- Shaquille O'Neal , the retired basketball star and NBA analyst, has agreed to pay $1.8 million to settle claims that he misled investors by promoting the now-bankrupt crypto exchange FTX. O'Neal, who urged fans to trust the platform in a commercial, won't admit wrongdoing. He reportedly earned much less to make the commercial that aired in June 2022: around $750,000, Front Office Sports reported . The settlement Monday marks one of the first high-profile settlements over FTX's