Shaquille O’Neal Served Papers in Class-Action Lawsuit Alleging Fraudulent Promotion of FTX Cryptocurrency Exchange

A class-action lawsuit has been filed against several celebrities, including basketball star Shaquille O’Neal, Tom Brady, and Gisele Bundchen, for their involvement with the now-defunct cryptocurrency exchange FTX.

The complaint alleges that the celebrities defrauded FTX investors by appearing in advertisements for the crypto-trading platform. After months of evasion, O’Neal was finally served papers on Tuesday during the broadcast of a Miami Heat-Boston Celtics playoff game.

The lawsuit is seeking damages for investors who lost money in the collapse of FTX. The exchange, which was founded by Sam Bankman-Fried, was once the naming sponsor of the Miami Heat’s home arena, the FTX Center.

The plaintiffs’ attorney, Adam Moskowitz, said that the process server was able to serve O’Neal during the broadcast of the game. The other celebrities named in the lawsuit have yet to be served.

The lawsuit is the latest development in the collapse of FTX, which has left many investors out of pocket. The case is ongoing, and it remains to be seen what the outcome will be for the celebrities involved.