June 13 (UPI) -- Shaquille O'Neal, the retired basketball star and NBA analyst, has agreed to pay $1.8 million to settle claims that he misled investors by promoting the now-bankrupt crypto exchange FTX.
O'Neal, who urged fans to trust the platform in a commercial, won't admit wrongdoing. He reportedly earned much less to make the commercial that aired in June 2022: around $750,000, Front Office Sports reported.
The settlement Monday marks one of the first high-profile settlements over FTX's collapse, CNBC reported.
The civil case in Miami federal court. O'Neal must pay the amount within 30 days. An initial settlement was reached in November.
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