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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....

Crypto influencer Ben Armstrong, formerly known as BitBoy, has been arrested for a second time after sending a number of emails to a judge he has previously branded “corrupt,” and a “future convicted felon.” Armstrong, who has been denied bail, claimed via X last Friday that an arrest warrant was issued for him after he contacted Judge Kimberly Childs, who is presiding over a defamation lawsuit against him.  It’s unknown what the emails say, but around the same time, Armstrong also shared numerous posts criticizing Judge Childs and claiming that she is “ holding my children hostage .” Ben Armstrong’s mugshot Read more: Ben ‘BitBoy’ Armstrong baits media with dramatic YouTube ‘quit’ Judge Childs is presiding over the lawsuit filed by Hit Network and its parent company BJ Investment Holdings on September 28, 2023, which accuses Armstrong of libel and slander .  Armstrong was last arrested in September 2023 after he livestreamed himself driving to the h...

On August 29, 2024, U.S. District Judge Alvin Hellerstein dismissed a significant lawsuit against Elon Musk and his company, Tesla , which alleged market manipulation of Dogecoin (DOGE) . The lawsuit, initiated by a group of disgruntled investors in June 2022, claimed that Musk and Tesla artificially inflated the cryptocurrency’s price, resulting in a staggering $258 billion in damages. The court ruling dismissed these claims, stating they were based on non-factual statements. Court’s Decision Judge Hellerstein’s ruling characterised Musk’s statements about Dogecoin as “aspirational and puffery” rather than actionable claims. In his decision, Hellerstein emphasised that “no reasonable investor could rely upon” Musk’s social media posts or public declarations as a basis for making investment decisions. The judge specifically cited Musk’s assertions about becoming the “official CEO of Dogecoin” and placing a “literal Dogecoin” on a SpaceX rocket as examples...

A crypto influencer who called Logan Paul the “biggest moron I’ve ever had the pleasure of doing business with” says he avoided a lawsuit from the YouTube star after his lawyers advised him it could turn into an ongoing issue that could cost him millions. Jake Greenbaum worked with Paul on the controversial NFT CryptoZoo game. The project was a complete failure and led to a series of lawsuits against Paul, Greenbaum, and the project’s team in February 2023. However, on the same day that Paul offered a buyback plan for investors in January 2024 — an act lawyers suing him called a ‘sneaky trick’ — he also filed a lawsuit against Greenbaum and Eduardo Ilbanez, accusing them of insider trading.  Greenbaum told the DailyDot his attorney’s advice was to ignore Paul’s lawsuit as “Logan is a very wealthy individual chasing attention and can file 100 counterclaims and lawsuit s the minute you respond.” The entire DJT token drama in one article Read more: Logan Paul...

Ontario’s superior court has green-lit a class action Lawsuit against Binance that accuses the crypto exchange of selling unregistered crypto derivative products and violating securities law.  The lawsuit, brought by Christopher Lochan and Jeremy Leeder, claims that Binance sold crypto-derivative products to thousands of retail traders while failing to register with the Ontario Securities Commission, as required by law.  As reported by Advisor.ca, the Lawsuit received a certification of motion on April 19 allowing it to proceed as a ‘class action’ Lawsuit and represent a wide basis of people without each individual having to take legal action. Judge E.M. Morgan noted that Lochan and Leeder claim “they are two of the tens of thousands of Canadian users of the Binance website who invested in cryptocurrency products and who claim that those products were sold by the Defendants illegally.” Unanswered questions about the Binance Industry Recovery Fund R...

Join Our Telegram channel to stay up to date on breaking news coverage Robinhood, one of the most used retail trading platform s in the stock and exchange markets, is pushing to dismiss a class-action lawsuit against the company. The lawsuit claims that the exchange failed to disclose information ahead of its initial public offering (IPO) in 2021. The information in question relates to the exchange offering crypto trading activities. Robinhood wants to dismiss class-action lawsuit The lawyers representing the Robinhood exchange have filed a motion to dismiss the class-action lawsuit. The motion filed by the US publicly traded company follows a court ruling in February that said there was no proof showing that Robinhood shared false or misleading IPO information with its customers in 2021. The plaintiffs in the case were provided with an opportunity to file an amended complaint. The case was filed in a federal court in San Francisco, and it was submitted before the US Di...

Join Our Telegram channel to stay up to date on breaking news coverage As we have reported recently, the Commodity Futures Trading Commission, or CFTC, of the US has filed a lawsuit against Binance, the largest cryptocurrency exchange in the world, leaving it in a very unclear situation. It’s the most recent illustration of the greater federal scrutiny the sector has been subject to as a result of a spate of scandals in recent years. These recent actions of the US government against the crypto sector have been nicknamed “Operation Choke Point 2.0“, to decry what appears to be a systematic effort at attacking the industry. In the case, which was brought on Monday, Binance is accused of deliberately evading US rules, including neglecting to register there and allowing Americans to trade cryptocurrency derivatives, which are not permitted for regular investors. The CFTC complaint also alleges that through 300 “house accounts” directly or indirectly he...

Founded in 1998, Google is an American, multinational technology company that focuses on several areas, including search engines, cloud computing, and more. Allegations against Google have surfaced every now and then, and it has been under scrutiny from US and EU regulators. Read more: Silver Golub & Teitell LLP Files Class Action Lawsuit Against Digital Currency Group and Barry Silbert Antitr US t laws in the US are in place to regulate the conduct of b US iness operations to prevent anticompetitive behavior. According to the details in the latest court document, the US J US tice Department filed a lawsuit against Google on Tuesday. The lawsuit is based on grounds of allegations that the tech giant ab US ed its dominance in the digital advertising b US iness. J US T IN: 🇺🇸 US government files antitr US t lawsuit against Google $GOOGL. — Watcher.Guru (@WatcherGuru) January 24, 2023 The lawsuit is the second antitrust complaint against Goo...

Join Our Telegram channel to stay up to date on breaking news coverage On January 13, environmentalists filed a lawsuit against the New York Public Service Commission (PSC) for allowing the takeover of a bitcoin mining plant in the state. The state Public Service Commission (PSC), which oversees public utilities, approved the conversion of the Fortistar North power plant into a crypto - mining facility in September 2022, according to The Guardian. The site was slated to be taken over by the Canadian cryptocurrency mining company Digihost and is situated in Tonawanda, a town less than 10 miles from Niagara Falls. The 2019 New York climate law, according to the lawsuit, is violated by the approval. Among other objectives, the Climate Leadership and Community Protection Act (CLCPA) aims to achieve zero-emission electricity by 2040 and a reduction of 85% of state-wide emissions by 2050. The organization Earthjustice is representing the Clean Air Coalition of Western New York an...