BiyaPay Analyst: NBA star Shaquille O'Neal settles FTX lawsuit for $1.8 million, insisting that compliance and steady development are the keys to long-term success.

BlockBeats News: On June 12, NBA star Shaquille O’Neal agreed to pay $1.8 million as a settlement for an investor class action lawsuit related to the FTX bankruptcy case. He is one of the brand spokespersons of FTX, but after the trading platform crashed, he also had to bear the legal consequences for the “endorsement”. BiyaPay analysts pointed out that the FTX incident is the most representative risk warning in the crypto industry in recent years. Even if there are many celebrity platforms, issues such as the platform’s operation model, use of funds, and regulatory licenses are the key to the safety of users’ funds. FTX eventually collapsed, leaving many retail investors with nowhere to recover, due to a lack of transparency and compliance. BiyaPay has always adhered to compliance and steady development. Users can use USDT to easily exchange 30+ fiat currencies such as US dollars, euros, Hong Kong dollars, and Singapore dollars, which can be used for global remittances and participate in global asset allocation. Or without opening an offshore account, users can invest in U.S. and Hong Kong stocks through BiyaPay.

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