Shakeel O’Neel arranged for $ 1.8M for $ 1.8m in the FTX trial with Tom Braddy and Stephen Curry. NBA News
SHaquildle O’neal’s name may be away from the FTX trial, but the decline is over. His $ 1.8 million disposal came after promoting a crypto veteran which fell brilliantly. Meanwhile, celebrities such as Tom Brady and Stephen Curry are still deep in the legal part. Add a shocking Instagram hack to the mixture, and it is clear-a high-dot on the recent week Digital Trust of Shaq.
Shaquille O’neal FTX becomes the first celebrity to settle in the trial while others still face legal heat
Shaquille O’neal, once the face of FTX advertisements, became the first celebrity to settle a class-action case. The trial launched in 2023 was aimed at the purpose of investors who bought FTX tokens or deposits in either May 2019 and 2022. It alleged that O’Neel made misleading supports with Tom Brady, Stephen Curry and others who were one of the biggest financial disasters in the Crypto world.With the US District Court for the southern district of Florida formally in June 2025, settlement includes O’Neel’s $ 750,000 cash and FTX stock $ 1.05 million. Under the agreement, it is necessary to pay him within 30 days of court approval, he cannot take reimbursement from the bankruptcy property of FTX, and is provided protection from any future claims about the matter.FTX hit a summit of about 32 billion dollars, but in November 2022 it was discovered that its founder Sam Bankman-Fride had taken customer funds for personal use. He was sentenced to 25 years in jail in March 2024.Raw endorsement played a major role in FTX expansion. Shak, Brady, Curry, Naomi Osaka, Trever Lawrence, Giselle Bundchen, David Ortis, Shohi Ohtani, and comedian Larry David appeared in all FTX advertisements or campaigns. While O’Neel opted to settle, other defendants are still facing cases; A judge banned the case in May 2025, but maintained claims related to the sale of unregistered securities under Florida and Oklahoma Act.If the disposal of Crypto was not enough to get your heart race, Shakeel O’Neel also became a victim of an Instagram hack in July 2025. Unauthorized posts with fake winning screenshots @mrsjiyce_ tried to fool their 35 million followers in a gambling/crypto scam. Thankfully, hack was rapidly resolved and Shak got his account back, but it was actually shown that even verified accounts could be aimed at cybercrime.Also Read: Lamelo Ball saw 22 to lead Charlot Hornets as Liam Mcneeley ScoreHigh-profile endorsements can bring legal issues if they incorrectly present and cause financial losses. The disposal of O’Neel is only with the tip of the iceberg, possibly facing billions in liabilities with others. Even celebrity accounts are not immune to hack; Social media users should beware of scams.
