Shaquille O’Neal Settles Astral NFT Lawsuit for $11 Million

Basketball legend Shaquille O’Neal has reached a settlement agreement in his class-action lawsuit related to the Astral NFT collection, agreeing to pay $11 million. The case was filed by Astral NFT buyers who claimed they suffered significant losses due to O’Neal’s promotion of the project. This follows similar lawsuits brought against other celebrities for promoting unregistered securities after the collapse of crypto platform FTX.