The American basketball legend Shaquille O’Neal has defended his appearance in ads for the collapsed cryptocurrency firm FTX, arguing he was “just a paid spokesperson”.
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What went wrong for FTX’s Sam Bankman-Fried?
How did FTX leverage star power?
Key to FTX becoming one of the world’s biggest digital currency exchanges was its simple interface, making it easy and simple for people to start buying cryptocurrencies using traditional money.
Its rise with the unconventional Bankman-Fried at the helm took it to a peak value of $26bn (£21bn), 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”.
Telling viewers he checked his FTX account every day, he added: “I’m all in. Are you?”
O’Neal, 50, told CNBC he was not “heavily involved” with the company or cryptocurrency in general.
“People know I’m very, very honest. I have nothing to hide,” he said.
“If I was heavily involved, I would be at the forefront saying, ‘Hey’. But I was just a paid spokesperson.”
He added that he had turned down other offers to endorse cryptocurrencies, which are facing calls for increased regulation as governments respond to the FTX crisis.
The US Securities and Exchange Commission labelled it “one of the biggest financial frauds in American history”, leaving Bankman-Fried facing a maximum sentence of 115 years in prison if convicted on all eight counts of fraud and violating campaign finance laws.
The lawsuit that names FTX’s celebrity endorsers has been filed in the southern district of Florida.
It alleges that the company’s use of “some of the biggest names in sports and entertainment” had helped “keep the whole scheme afloat”.
Donald Trump has announced he will award Rudolph Giuliani the Presidential Medal of Freedom, a day after the former New York mayor and political ally was seriously injured in a traffic accident.
The medal is the nation’s highest civilian honour.
In a statement on social media on Monday, Mr Trump described Mr Giuliani as “the greatest mayor in New York City’s history and an equally great American patriot”.
Mr Giuliani has been celebrated for his leadership after the September 11 attacks but has also drawn controversy for his strong support of Mr Trump.
As the president’s lawyer, he became a central figure in efforts to overturn the 2020 election.
Image: Rudy Giuliani attended Donald Trump’s inauguration ceremony in January. Pic: Julia Demaree Nikhinson/Pool via Reuters
He suffered “a fractured thoracic vertebrae, multiple lacerations and contusions, as well as injuries to his left arm and lower leg”, according to Michael Ragusa, Mr Giuliani’s head of security.
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His vehicle was struck from behind while driving on a highway near Manchester, New York, on Saturday evening.
“He sustained injuries but is in good spirits and recovering tremendously,” Mr Ragusa said in a statement on X, adding: “This was not a targeted attack.”
Mr Giuliani was in a rental car and “no one knew it was him”, according to Mr Ragusa.
Image: Rudy Giuliani has drawn controversy over his efforts to overturn the 2020 election. Pic: Ted Shaffrey/AP
His head of security said the former mayor had been “flagged down by a woman who was the victim of a domestic violence incident” and contacted police on her behalf. The crash was “random and unrelated” to the domestic violence incident, Mr Ragusa said.
Mr Giuliani, 81, is expected to be released from hospital in a few days.
His son, Andrew Giuliani, thanked people for reaching out after hearing about his father’s accident, writing on X: “Your prayers mean the world.”
“As a son, I can tell you that I’m honored to have a Dad that I can call the toughest SOB I’ve ever seen,” he added.
Turbulent years
The crash on Saturday comes after several turbulent years for Mr Giuliani, who earned the nickname “America’s mayor” for his leadership in New York following the9/11 attacks in 2001.
He sought the Republican nomination for the 2008 presidential election but ultimately dropped out and endorsed John McCain.
However, Mr Trump’s legal team lost numerous lawsuits alleging fraud, and multiple recounts, audits, and reviews of the 2020 election uncovered no evidence of significant wrongdoing or error.
Two Georgia election workers won a defamation lawsuit against Mr Giuliani after he falsely accused them of helping to rig the presidential election. He was ordered to pay $148m (£118m) in damages.
A man has been found dead “in a pool of blood” at the Burning Man festival in Nevada, officials say.
The man’s body, described as a white adult, was found “lying on the ground” after 9pm on Saturday at the art and music festival in the Black Rock Desert, roughly 110 miles north of Reno, the Pershing County Sheriff’s Office said.
They said he was discovered while the festival’s large wooden effigy of a man at the centre of the festival was engulfed in flames – a tradition during the annual event.
Officials said a festival goer flagged down a sheriff’s deputy and reported seeing “a male subject lying in a pool of blood”.
The sheriff’s office set up a perimeter at the scene and has been treating it as a homicide, interviewing several participants.
The body, which has not been identified, was taken to a medical examiner’s office, while the festival continues until 6pm local time on Monday (2am Tuesday UK time).
“Although this act appears to be a singular crime, all participants should always be vigilant of their surroundings and acquaintances,” the sheriff’s office said.
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Officials say the crime scene is being preserved, but that the case is a “complicated investigation” as the makeshift Black Rock City where the event is located will be gone by the middle of the week.
Burning Man organisers said they were cooperating with law enforcement and asked participants not to interfere with their investigation.
“The safety and well-being of our community are paramount,” their statement said, adding that support services, including a crisis support team, were available and participants had access to free Wi-Fi if they need to communicate with loved ones.
Burning Man is a celebration of self-expression that culminates in the ceremonial burning of its towering 40ft effigy.
Its origins can be traced back to the incineration of an eight-foot wooden “man” on San Francisco’s Baker Beach in 1986, which eventually evolved into an annual gathering in the Black Rock Desert.
Another week, another mass shooting in the US – a country with more guns than people.
Will anything stop the annual mass murder of sons, daughters, mothers, and fathers by firearm?
Martha Kelner speaks to a survivor of the 2016 Pulse nightclub mass shooting that killed 49 people. And then she speaks to one of the most conservative politicians in the country – who wants more guns in circulation and doesn’t feel gun laws are loose enough.