Court Approves $11M Deal in Astrals NFT Case Involving Shaquille O’Neal

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Apr 13 2025

Settlement Approval: A federal court in Florida has approved an $11 million settlement involving Shaquille O’Neal and buyers of Astrals NFTs, which includes $2.9 million in attorney fees, after claims that O'Neal promoted unregistered digital assets.
Legal Implications: The lawsuit highlighted O'Neal's role as a direct seller of the NFTs during their promotion on platforms like Discord, raising concerns about celebrity involvement in digital asset promotions amidst a declining NFT market.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Court Approves $11M Deal in Astrals NFT Case Involving Shaquille O’Neal

About the author

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