Shaquille O'Neal Is Settling the FTX Class Action Lawsuit Filed Against Him By Investors. Here's How Much He'll Pay Out.
Erin Davis
created: June 12, 2025, 2:31 p.m. | updated: June 13, 2025, 1:03 p.m.
NBA Hall of Famer Shaq is settling a class action lawsuit brought by FTX investors who claim they were misled.
NBA Hall of Famer (and prolific franchise owner) Shaquille O'Neal will pay $1.8 million to settle claims from investors that he misled them into investing in FTX, the bankrupt and infamous crypto exchange formerly led by Sam Bankman-Fried.
The settlement will cost Shaq around $1 million more than he got paid for the FTX commercial in the first place, which was reportedly around $750,000.
"A lot of people think I'm involved, but I was just a paid spokesperson for a commercial," O'Neal said at the time.
O'Neal allegedly dodged process servers for months but was served with legal documents in April 2023.
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