Former NBA star Shaquille O’Neal’s agreement to pay $1.8 million to victims who lost money in the collapse of the FTX crypto exchange got preliminary approval Monday by a federal judge in Florida.
The classwide settlement agreement would resolve claims against the O’Neal from crypto investors who allege the former basketball star, along with other sports figures and celebrities, promoted the fraudulent exchange through partnerships.
Judge K. Michael Moore said that the proposed settlement “is fundamentally fair, reasonable, adequate,and in the best interests of Class Members and is likely to receive final approval”
Attorneys for O’Neal and crypto investors announced ...