FTX advisors consider reclaiming millions of dollars in promotional fees paid to O'Neal and others

ChainCatcher news, according to Bloomberg, FTX advisors are exploring the possibility of reclaiming millions of dollars previously paid to Shaquille O'Neal, tennis star Naomi Osaka, and other professional athletes and teams who had promoted FTX.

According to court documents, FTX advisors have reviewed the payments made to O'Neal, Osaka, and others to determine whether these transfers comply with the rules allowing the company to reverse transactions that occurred before filing for bankruptcy protection.