Shaquille O’Neal Settles Astral NFT Lawsuit For $11M
Shaquille O’Neal, the legendary National Basketball Association (NBA) star, has received a final court approval to settle his class-action lawsuit with the Astral non-fungible token collection buyers for $11 million. O’Neal is one of many celebrities who previously promoted NFTs, cryptocurrencies, and other digital asset projects but faced significant liability under US securities laws. O’Neal Fined $11M In Astral NFT Lawsuit On April 8, 2025, Federico A Moreno, a federal court judge in Florida, United States, finally granted the former NBA star Shaquille O’Neal a final court approval to settle a class-action lawsuit with the Astral NFT buyers for $11 million. The settlement deal stipulates that legend O’Neal will pay $2.9 million in attorney fees and costs. He will also pay back all those who purchased the Astral NFT collection from May 2022 to January 2023. Those who purchased the project’s native $GLXY tokens until January 2023 are also eligible....