(Image source – Getty Images) The name Shaquille O’Neal can be out of the ftx, but the spad is far from over. Its settlement of $ 1.8 million came after promoting a cryptom giant who had a spectacularly disintegrated. Meanwhile, celebrities like Tom Brady and Stephen Curry are still deep in the legal limbo. Add a shocking Hack Instagram to the mix and it’s clear-Shaq’s weeks to control reality with a high share of digital trust.
Shaquille O’Neal becomes the first celebrity to settle in the FTX proceedings while others still face legal heat
Shaquille O’Neal, once the face of FTX advertising, became the first celebrity to settle a class. The Court, launched in 2023, focused on investors who either bought FTX tokens or deposited funds from May 2019 to the end of 2022. He claimed that O’Neal with Tom Brady, Stephen Curry, and others, made deceitable support that were part of one of the largest financial destinations.Formally filed in June 2025 at the US District Court for the Southern district of Florida includes O’Neal’s $ 750,000 in cash and $ 1.05 million in FTX shares. On the basis of the agreement, he is obliged to pay within 30 days of the consent of the court, cannot seek reimbursement from the bankruptcy of FTX and is provided with protection against future claims regarding this case.The FTX achieved a top $ 32 billion award, but in November 2022 it happened after it was revealed that its founder Sam Banman was fried for personal use for customers. In March 2024 he was sentenced to 25 years in prison.Processed escorts played a major role in FTX expansion. Shaq, Brady, Curry, Naomi Osaka, Trevor Lawrence, Gisele Bündchen, David Ortiz, Shohei era and comedian Larry David appeared in advertising or FTX campaigns. While O’Neal decided to settle, other defendants still face a court dispute; The judge limited this case in May 2025, but maintained claims related to the sale of unregistered securities under the Florida Act and Oklahoma.If the crypto settlement was not enough for your heart to race, Shaquille O’Neal was also the victim of Hack Instagram in July 2025. Unauthorized posts with fake winners and promotional actions from account @mrsjoyce_ tried to fool their 35 million followers for gambling/crypto. Fortunately, Hack has been resolved quickly and Shaq got his account back, but it really showed that even proven accounts can be a goal for computer crime.Also Read: Lamelo Ball watches the courts when Liam McNeeley score 22 to lead Charlotte Hornets around Utah jazzHigh profile accompaniment can bring legal problems if they distort and cause financial loss. O’Neal’s Settlement is probably only the tip of the iceberg, while others may face billions of obligations. Even celebrities are not immune to hacks; Social media users should be wary of fraud.
