- FTX catastrophe gains momentum with latest celebrity appearance.
- Basketball Shaquille O’Neal finally serves in FTX class action.
- The sports star made an appearance after a three-month-long search.
The FTX catastrophe continues to unfold. This time, the story continues in the form of a tale from basketball star Shaquille O’Neal. Shaq is known across the world for his incredible skills on the court.Read CRYPTONEWSLAND on google news
Now he makes his appearance in the courtroom for having promoted FTX in the past. In detail, Shaquille O’Neal, the former basketball star and FTX promoter, has been served with a class action lawsuit after lawyers spent three months searching for him.
To highlight, O’Neal is one of a group of celebrities and sports teams being sued for promoting FTX, a now-defunct crypto exchange. Of course, many celebrities have endorsed FTX before, Shaq is one of the latest to speak after a long search.
Lawyers claimed that O’Neal had “been hiding and driving away from our process servers for the past three months”. The same lawyers now reveal that they had to resort to creative means to serve him.
This creative idea included requesting permission to serve him via social media and tweeting at him from outside TNT studios in Atlanta. Thus, the exchange was reportedly captured on video.
The case was filed by FTX customer Edwin Garrison and is being handled by attorneys Adam Moskowitz and David Boies. Other celebrities targeted in the lawsuit include Tom Brady and Larry David.
In addition, the case illustrates the difficulty of serving a celebrity, even one who appears regularly in public. O’Neal has sought to distance himself from FTX since its collapse, stating that he was only a paid spokesperson for a commercial.
Meanwhile, the former FTX CEO Sam Bankman-Fried has pleaded not guilty to criminal fraud charges. In contrast, three other executives from the company have pleaded guilty in federal court.
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