NBA Hall of Famer Shaquille O’Neal pays $11 million settlement to victims in FTX crypto scandal despite minimal insight in the business

NBA legend Shaquille O’Neal has agreed to pay $11 million to settle a class-action lawsuit filed by investors who lost money in the FTX cryptocurrency exchange collapse. O’Neal, who promoted FTX’s NFT products, was accused of misleading investors. This settlement highlights the risks associated with celebrity endorsements in the volatile cryptocurrency market.