Udonis Haslem Reportedly Reaches ‘Proposed Resolution’ With Plaintiffs From FTX Lawsuit – AfroTech

Former Miami Heat player Udonis Haslem is looking to put an FTX-related lawsuit behind him.

Lawsuit Explained

According to Yahoo! Sports, an $11 billion class action lawsuit was filed in Florida in November 2022 against FTX Founder Sam Bankman-Fried and a handful of celebrities, including Haslem, Stephen Curry, Naomi Osaka, Shaquille O’Neal, Tom Brady, and others who had promoted the cryptocurrency exchange company in ads and other marketing.

Earlier that November, FTX filed for Chapter 11 bankruptcy protection and went defunct. Claims in the lawsuit said the defendants were promoting the exchange in a “fraudulent scheme” that was “designed to take advantage of unsophisticated investors from across the country, who utilize mobile apps to make their investments,” per AFROTECH™.

O’Neal settled for $1.8 million without admitting wrongdoing back in June 2025.

“We are pleased to have this matter behind us,” counsel for O’Neal said in a statement, according to CNBC.

Haslem Reportedly Settles

Haslem is also looking to close the chapter at FTX. According to a Nov. 26 filing, a “proposed resolution” was reached with the plaintiffs, Front Office Sports mentions. Both sides are in the midst of “preparing and finalizing the settlement agreement,” and a motion for preliminary approval is projected to happen in January, notes the outlet.

Haslem’s promotion was seen in commercials played during Heat broadcasts and at FTX Arena, the Sun Sentinel reports. At the time, he did not regret his involvement, as he claims FTX approached him to further his philanthropic initiatives in Miami.

“I’m not ashamed of any involvement. I came in with pure intentions,” he mentioned, according to the outlet. “My point of it was, ‘You guys are doing a lot for charity. You’re in Miami now. What can you do for my city?’ And that was the stance that I took, and we got some stuff done. So hopefully I’ll find somebody else to continue to partner with, to continue to do stuff in the city.”

Haslem also said the downfall of FTX led him to lose $15 million, per the outlet. Though he didn’t invest in the crypto company, that amount was his equity by promoting it.

“I feel bad for the people that were hurt and lost money and really got caught up in that foolishness,” he told the Sun Sentinel. “But at the end of the day, I came in pure.”