Shaq scoffs at being named in lawsuit over FTX collapse: 'I don't understand crypto'

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Shaq scoffs at being named in lawsuit over FTX collapse: 'I don't understand crypto'
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Former NBA great Shaquille O'Neal is one of several FTX spokespeople named in a lawsuit regarding the crypto exchange's collapse, but he doesn't seem too worried.

"The Deceptive and failed FTX Platform was based upon false representations and deceptive conduct," the lawsuit states."Although many incriminating FTX emails and texts have already been destroyed, we located them and they evidence how FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors from across the country, who utilize mobile apps to make their investments.

Former NBA player Shaquille O'Neal attends the unveiling of the Shaq Courts at the Doolittle Complex donated by Icy Hot and the Shaquille O'Neal Foundation in partnership with the city of Las Vegas Oct. 23, 2021, in Las Vegas.

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