Shaquille O'Neal, the legendary National Basketball Association (NBA) Star, received a final court approval to resolve his class action with astral unidentified buyers of a collection collection of $ 11 million. O'Neal is one of many celebrities who has previously established NFT, cryptocurrencies, and other digital projects but faces significant responsibilities under US security laws.
O'Neal gave $ 11m to the Astrals NFT law
On April 8, 2025, Federico a Moreno, a federal court judge in Florida, United States, was finally given former NBA star Shaquille O'Neal a final court approval to resolve an action-class action in class consumers of Astrals of $ 11 million. The Deal in the regulating sets that the O'Neal legend will pay $ 2.9 million in attorney fees and costs. He will also pay all those who buy the Astrals NFT collection from May 2022 to January 2023. Those who buy the native $ glxy token of the project until January 2023 are also worthy.
👨⚖️ Shaquille O'Neal to pay $ 11m in final regulating astral #Nft Demanda
Shaquille O'Neal agreed to pay $ 11 million to resolve a class acting law tied to his involvement with astrals #Nft project.#Crypto pic.twitter.com/nz4j0rkdtf
– Cryptopus (@imcryptopus) April 9, 2025
Astrals are a collection that does not engage in token consisting of a limited edition of 10,000 unique 3D digital items created in April 2022. The NFT project was made on the Solana Blockchain network of digital artist Damien Guimoneau and founded by Shaquille O'Neal. This Solana -based project has promoted a virtual world where crypto users can mix and play with others, including the basketball star.
The Astrals NFT collection crashed in zero in 2022 following the fall of the FTX, leaving the general unimaginable token market of more than 30% from the initial 50% meltdown. In the fury to the meltdown, the Astrals and Galaxy holders contracted the Moskowitz law firm and filed a lawsuit against O'Neal. NFT holders said they bought Astrals NFTs and “experienced massive investment losses” because of O'Neal's “behavior” in promoting the project.
Other celebrities filed with the crypto promotion
The NBA legend Shaquille O'Neal is not the only celebrity, who has tasted the anger of the United States Securities and Exchange Commission (SEC), for promoting unregistered security. Other celebrities, including Tom Brady, Gisele Bundchen, Steph Curry, Naomi Osaka, Shohei Otani, and Larry David, also faced a counting for similar endorsements in a separate demise of the demise of the Crypto Platform FTX.
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