Retired American Professional League star Shakil O’Neil settle the FTX support suit for the amount that has not been disclosed
The American Professional League legend Shakil O’Neil has settled a lawsuit that resulted in his support for a failed encryption exchange.
The former professional basketball player is among the defendants participating in a case against FTX Sam Bankman-PRID, who is now behind bars to understand more than $ 8 billion in customer boxes, which led to the stock exchange collapse.
The complaint of the collective lawsuit submitted by Edwin Garrison residing in Oklahoma in 2022 accused celebrities and athletes who promoted FTX to participate in deceptive practices and failed to perform due care before strengthening the trading platform that has now ended.
Among the other defendants who were named in the case are also the retired Qurtbbeck from the US Football Association Tom Brady and his ex -wife, the model Giselle Bondchen, the American Professional League player Stephen Carrey, and his attraction at MLB Shohei Ohtani, NFL Legartback Trevor Lawrence, and Shark Tank Star Kevin O’Leari investor.
O’Neal, which indicates the court documents indicating that approximately $ 750,000 to take FTX is now close to resolving the case.
In a joint notice of the settlement agreement on April 23, lawyers who represent O’Neill and the Publicists of the American District Court, the southern province in Florida, inform the two sides agreed on a friendly solution to the lawsuit.
the presentation He did not reveal the amount of the settlement, and the agreement is still subject to the approval of the court.
“According to the semester settlement agreement, the parties were implemented on April 1, 2025, the terms of the agreement will remain confidential until the prosecutors submit a request to obtain initial approval of the settlement.”
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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