Shaquille O’Neal is attempting to evade the FTX crypto lawsuit. Like several other athletes, O’Neal had endorsed the now-bankrupt crypto exchange, which has resulted in financial losses for many customers. As a result of his affiliation with the exchange, O’Neal could face significant repercussions. Nevertheless, it seems that the case against the 4-time NBA champion will be prolonged since he is refusing to address the accusations leveled against him.
It has been reported that Shaq is avoiding lawyers and staying inside his residence, making it difficult to serve him with legal documents. Despite numerous attempts to serve him, these efforts have been unsuccessful so far.
In 2022, FTX enlisted several NBA players to endorse the crypto exchange and also secured naming rights for the Miami Heat arena with a price tag of $135 million. After the company’s bankruptcy, a class-action lawsuit was filed against its endorsers. Shaquille O’Neal, Steph Curry, and Tom Brady have all been named in the lawsuit.
According to Forbes, O’Neal has made himself inaccessible to being served with the class-action lawsuit, which was filed in November 2022 by investor Edwin Garrison. Garrison claims that he learned about the exchange through its celebrity endorsers.
“We have spent great efforts trying to get you all served with our Complaint,” Garrison’s lawyers wrote in an email to defendants. “Only one, however, has chosen to evade service, in order to draw out these proceedings, or to otherwise attempt to avoid answering for these allegations.”
Shaquille O’Neal continues to avoid answering allegations against him. Despite appearing in marketing materials and commercials for the exchange, the former Lakers star has attempted to downplay his affiliation with FTX and has been hiding in his home to delay the legal process.
O’Neal’s association with FTX goes beyond advertisements as he also had a carnival event called “Shaq’s Fun House Los Angeles Presented by FTX,” which was sponsored by the exchange. In addition, he promoted the crypto exchange on his Twitter profile and was named a brand ambassador for the company.
Are you a major fan of Shaquille O’Neal? Are you surprised by the basketball legend trying to hide from being served a lawsuit? Sound off in the comments!