He just made an oopsie, okay?
in September 2021 that he doesn't "understand [crypto], so I will probably stay away." His FTX commercial ran in June of this year.that he had already declined other offers from various crypto companies.It's no wonder the celebrities named in the lawsuit are trying to distance themselves from FTX. The exchange collapsed in spectacular fashion last month, wiping out a $32 billion valuation in a matter of days.
O'Neal's claims bring up an interesting question: are celebrities really guilty of shilling what later turned out to be a massive scam? Legally, they may well be able to weasel out of culpability. But ethically, encouraging poorly informed and less wealthy retail investors to take on financial risk is profoundly dubious.
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