Shaq finally got served papers for the FTX lawsuit while covering the Heat-Celtics series in the former FTX Arena

What a wild saga this has become.

The irony is rich with this one, folks. Shaquille O’Neal had reportedly been dodging lawyers trying to serve him complaints in the FTX lawsuit after he appeared in commercials endorsing the crypto exchange company that has since gone bankrupt.

During an interview on Tuesday night with Stephen Curry, Shaq appeared to actually make a joke about the lawsuit. He congratulated Curry on winning the Kareem Abdul-Jabbar Social Justice award, but then also awkwardly thanked him for “getting me in trouble,” which was both hilarious and also very cryptic.

Everyone assumed that this was in relation to the FTX lawsuit that Shaq had been dodging for months. The NBA on TNT big man previously said Curry was the only reason he began working with FTX.

What makes this even wilder is that, apparently, on the same night Shaq made this joke, he’d reportedly finally been served two complaints from the lawsuit, according to People

The process server actually came to Shaq while at work at Kaseya Center — ironically, formerly known as FTX arena — and served him his papers, per Pro Football Talk.

Attorney Adam Moskowitz said the interaction was recorded by the server to eliminate any ambiguity.

“These claims now are very serious and thus it is good that we can start with the merits, instead of the silly service sideshow Mr. O’Neal unfortunately created,” Moskowitz said.

The irony here is palpable. This happened after Shaq made the joke to Curry. And, to top it all off, it all happened in the former FTX Arena.

That’s just wild. Shaq had reportedly been dodging process servers for months. They’ve reportedly come to his home, his work at TNT’s studios and even his ex-wife’s home in attempts to serve him. For it to happen like this is unreal.

O’Neal isn’t the only celebrity involved in this. Curry, obviously, is also included. But Tom Brady, Larry David, Naomi Osaka and even Gisele Bündchen also all promoted the crypto exchange in commercials.

Shaq has been in tons of commercials and endorsed lots of different products since retiring. Now, after this, maybe he’ll be a bit more judicious in that process.

Trevor Lawrence among athletes, celebrities sued for FTX crypto collapse

Trevor Lawrence is facing a lawsuit for his partnership with now-bankrupt FTX.

Jacksonville Jaguars quarterback Trevor Lawrence was one of several athletes and celebrities named in a class action lawsuit filed Tuesday that seeks damages stemming from the collapse and bankruptcy of cryptocurrency exchange FTX.

Lawrence — and a list of other defendants that includes Tom Brady, Stephen Curry, Shaquille O’Neal, and Shohei Ohtani — are accused of not disclosing “the nature, scope, and amount of compensation” they received to promote FTX and not performing “any due diligence” before marketing FTX products to the public.

FTX was founded in 2019 and was one of the largest cryptocurrency exchanges in 2021, but filed for bankruptcy earlier this month.

Lawrence, 23, signed a multiyear sponsorship with FTX (known as Blockfolio at the time) days ahead of the 2021 NFL Draft when he was picked first overall by the Jaguars.

Earlier this year, there were reports that Lawrence took his entire $24 million signing bonus in cryptocurrency and lost about $15 million in the 2022 crash of the industry. But the Jaguars quarterback pushed back on those claims in a now-deleted tweet that said people were confusing his NFL signing bonus with the bonus he received for partnering with FTX.

Lawrence corrects false report on his crypto exposure

Trevor Lawrence took to Twitter Wednesday to correct a report about his exposure to Crypto. The report from Barstool sports incorrectly stated that Lawrence’s NFL signing bonus had been paid in crypto. Social media has been filled with the same …

Trevor Lawrence took to Twitter Wednesday to correct a report about his exposure to Crypto.

The report from Barstool sports incorrectly stated that Lawrence’s NFL signing bonus had been paid in crypto.  Social media has been filled with the same false information as the prices of crypto has fallen over the past few months.

Lawrence signed a deal with a cryptocurrency investment application called Blockfolio a few days before he became the first pick in the NFL draft.  His signing bonus for that deal was paid in cryptocurrency.

Cryptocurrency companies helped fuel …

Cryptocurrency companies helped fuel the NBA’s sponsorship revenue to a record $1.6 billion in the 2021-22 season, according to estimates by IEG, a sports partnerships consultancy. That’s up 13% from the $1.4 billion in the 2020-21 season. In the 2018-19 season, the National Basketball Association raked in $1.2 billion in sponsorship money. Sponsorship agreements can include deals for arena-naming rights and for companies to put their names or logos on players’ jerseys.

Crypto partnerships are now the second …

Crypto partnerships are now the second most lucrative sponsorship category for the NBA, behind only the technology category. Among the NBA’s crypto deals this season was a league agreement with crypto trading platform Coinbase. CNBC reported that the deal is worth $192 million over four years. Other categories estimated to pay the NBA over $100 million annually include banks, telecom and merchandise, according to IEG. Companies spending at least $50 million include Anheuser-Busch, Pepsi, and AT&T.

Cryptocurrency group wants to buy the Broncos

A cryptocurrency group wants to buy the Broncos, with support from Colorado Gov. Jared Polis. “I would be excited to be part of it myself,” Gov. Polis told CNBC.

A group of cryptocurrency enthusiasts that includes “attorneys, accountants, software developers, pro athletes, and at least one mathematician” wants to buy the Denver Broncos, according to a report from CNBC’s MacKenzie Sigalos.

The group plans to launch a decentralized autonomous organization (DAO) in early March under the name “BuyTheBroncos.” Their goal is to raise $4 billion to purchase the team.

“We know it sounds a bit crazy, but it’s also a bit badass,” Sean O’Brien, one of the groups leaders, told CNBC. “The purpose essentially is to establish an infrastructure so that fans from all walks of life can be owners of the Denver Broncos.”

The idea has even drawn support from Colorado Gov. Jared Polis.

“I would be excited to be part of it myself,” Gov. Polis told CNBC.

While the idea sounds intriguing, it might be more of a publicity stunt than a practical attempt to purchase the NFL franchise.

“While having a fan-owned Denver Broncos in a DAO-based system would be amazing, that isn’t our final goal,” O’Brien told CNBC. “We want this effort to essentially open up peoples’ eyes to what a DAO can do in the real world and make a tangible connection between this web3 life and the real world. Our thought is that it accelerates DAO adoption for solving real-world problems such as food scarcity or unhoused peoples.”

League rules allow up to 24 people to co-own an NFL team, but every ownership group has to have a principal owner with at least a 30% stake. That rule might complicate the crypto group’s potential bid for the team.

Anyone who can come up with the money has a chance to bid, though, so if “BuyTheBroncos” secures the funds, it might be a group to watch.

The Broncos hope to complete a sale of the team before the 2022 season.

Follow the Broncos Wire Podcast:
Apple Podcasts | Spotify | Google Podcasts

[listicle id=674592]

Warriors’ Steph Curry joins crypto exchange FTX as ambassador

Shortly after asking for advice in the cryptocurrency space on Twitter, Steph Curry has joined the exchange FTX as a global ambassador.

It didn’t take long for Steph Curry to get involved in the ever-rising cryptocurrency market.

Shortly after asking for advice in the crypto game on Twitter, the Golden State Warriors All-Star point guard struck a new deal as an ambassador for a crypto exchange.

Via @StephenCurry30 on Twitter:

Joe Pompilano of Huddle Up first reported Curry has agreed to a long-term deal with the exchange FTX Trading Limited as a global ambassador. FTX serves as a trading platform for different cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH).

Via @JoePompliano on Twitter:

According to Pompilano, Curry will receive an equity stake in the company as a part of his new deal. FTX will also make an annual charitable contribution for Steph and Ayesha Curry’s family foundation, Eat. Play. Learn.

The two-time NBA Most Valuable player will join Super Bowl-winning quarterback Tom Brady as ambassadors for FTX.

Curry was recently active in the NFT market, purchasing a Bored Ape Yacht Club NFT. The 33-year-old changed his Twitter profile avatar to a picture of the Bored Ape NFT.

FTX and Curry released a video to announce his partnership with the crypto exchange. Watch Curry’s announcement video via @FTX_Official on Twitter:

This post originally appeared on Warriors Wire! Follow us on Facebook! 

Spencer Dinwiddie Q&A: How he used his ACL rehab to create a new blockchain app for creators

Spencer Dinwiddie, who is reportedly nearing a long-term deal to sign with the Washington Wizards, has a lot more to offer than his scoring.

NBA guard Spencer Dinwiddie was recovering from a torn ACL in the midst of a pandemic. Outside of his rehab, he had nothing but time on his hands.

If you follow Dinwiddie on social media, you’ve seen him tweet his insights about cryptocurrency, investments, blockchain, NFTs and more. The 28-year-old, who played for the Brooklyn Nets between 2016 and 2021, is applying that knowledge into one place as the chairman and co-founder of Calaxy.

Calaxy, a social media app he is launching for creators that is currently in beta testing, is designed to use the blockchain to reimagine the way people use social media. He aims to empower more meaningful and fulfilling fan experiences by giving creators a toolkit to interact with their fans in one place — while also rewarding fans for their engagement.

The company has already raised $7.5 million in funding, including notable investments from the likes of NFL star Ezekiel Elliott and The Bachelor‘s Matt James. Some of the other big names attached include entertainment superstar Teyana Taylor and NBA champion Iman Shumpert.

Dinwiddie, who will reportedly join the Washington Wizards on a multi-year deal, told For The Win that he will also continue promoting Calaxy on his Instagram and that you can request a beta key on their website before their launch in the App Store — which will likely come around Q3.

Please note this interview was minorly edited in its transcript for clarity.