NBA star Shaquille O'Neal has reached a settlement with investors affected by the collapse of FTX, with the specific amount to be disclosed upon court approval.

It is reported that O'Neal was one of the celebrities sued for promoting FTX, having encouraged fans to join the platform in advertisements. After FTX's collapse, these endorsements have come under legal scrutiny. Investors are seeking over $21 billion in compensation.

Previously, it was reported that NBA star O'Neal will pay $11 million to finalize a settlement in the Astrals NFT lawsuit.