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According to Techub News and a report by Bloomberg, NBA star Shaquille O'Neal has reached a collective settlement with victims who suffered losses in the FTX collapse, as per documents submitted to a U.S. federal court on Wednesday. Both parties have informed the Southern District Court of Florida that the settlement amount has not been disclosed. The specifics of the terms will be announced when investors formally file for preliminary approval of the agreement with the court.
Techub News previously reported that Florida federal judge Federico Moreno approved former NBA star Shaquille O'Neal's payment of $11 million to settle the class action lawsuit related to the Astrals NFT project on April 1.