NBA legend Shaquille O'Neal has agreed to settle a class-action lawsuit related to his endorsement of the now-defunct cryptocurrency exchange FTX for $1,800,000.

The settlement was initially agreed upon in April 2025, with the specific amount being disclosed in a legal filing earlier this week (June 2025). O'Neal was among several high-profile athletes and celebrities, including Tom Brady and Stephen Curry, who were named in the lawsuit for allegedly promoting FTX as a reputable investment without adequately disclosing the risks involved.

The $1.8 million settlement is more than double the approximately $750,000 he was reportedly paid for his promotional work with FTX. If approved by the court, the settlement will release O'Neal from future claims and prevent him from seeking reimbursement from the FTX bankruptcy estate. He will not admit any wrongdoing as part of the agreement. The payment is expected to be made within 30 days of the settlement being finalized.

This settlement is part of the ongoing legal fallout from the collapse of FTX in late 2022, which saw its founder Sam Bankman-Fried sentenced to 25 years in prison for fraud and conspiracy.