Shaquille O’Neal To Pay $11 Million Over NFT Promotion Claims

A Florida court has approved a $11 million settlement in the case against Shaquille O’Neal regarding his promotion of Astrals NFTs. The agreement addresses allegations that he acted as a direct seller of unregistered digital assets. This follows a class-action lawsuit filed by buyers who experienced losses after purchasing the NFTs or related GLXY tokens. The lawsuit, claiming O’Neal promoted unregistered securities during the peak of the NFT market, has reached its resolution.