Shaquille O'Neal has defended his appearance in ads for the collapsed cryptocurrency firm FTX, saying 'I don't understand crypto'
O'Neal, who appeared in an ad for the company in June, has insisted he had no real involvement.
"A lot of people think I'm involved, but I was just a paid spokesperson for a commercial," he told CNBC Make It."I don't understand it, so I will probably stay away from it until I get a full understanding of what it is," he said.
Its rise with the unconventional Bankman-Fried at the helm took it to a peak value of $26bn , as it secured naming rights for sports stadiums and a growing list of celebrity endorsements. In a June advert, O'Neal said he was"partnering with FTX to help make crypto accessible to everyone".
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