Shaquille O’Neal, the star of the Legendary National Basketball Association (NBA), received the approval of the final court to settle his collective appeal with buyers of non -fascinable tokens Astrals for $ 11 million. O’Neal is one of the many celebrities that have previously promoted NFT, cryptocurrencies and other digital asset projects, but have been faced with important responsibility under American securities.
O’Neal was sentenced to a fine of $ 11 million in Astrals NFT Laws
On April 8, 2025, Federico in Moreno, a judge of the Federal Court in Florida, in the United States, finally granted the former NBA Shaquille O’Neal star a final approval of the court to settle a collective appeal with the buyers of the Astrals NFT for $ 11 million. The settlement agreement stipulates that the legend O’Neal will pay $ 2.9 million in costs and lawyers. He will also reimburse all those who bought the ASTRALS NFT collection from May 2022 to January 2023. Those who bought the $ GLXY tokens natives of the project until January 2023 are also eligible.
👨⚖️ Shaquille O’Neal to pay $ 11 million in final Astrals settlement #Nft Trial
Shaquille O’Neal agreed to pay $ 11 million to resolve a collective appeal linked to its involvement in the Astrals #Nft project.#crypto pic.twitter.com/nz4j0rkdtf
– cryptopus (@imcryptopus) April 9, 2025
The Astrals was a collection of non -bubilisable tokens including a limited edition of 10,000 unique 3D digital articles created in April 2022. The NFT project was carried out on the Blockchain Solana network by digital artist Damien Guimoneau and founded by Shaish O’Neal. This project based in Solana has favored a virtual world where crypto users could socialize and play with others, including the basketball star.
The ASTRALS NFT collection crashed at zero in 2022 after the collapse of the FTX, which left the market for non -fascinable tokens general of more than 30% compared to its initial collapse of 50%. In fury with collapse, the holders of Astrals and Galaxy contracted the law firm in Moskowitz and filed a complaint against O’Neal. NFT holders said they bought Astrals NFTS and “undergoing massive investment losses” due to O’Neal’s “driving” in the promotion of the project.
Other celebrities prosecuted for cryptographic promotion
The legend of NBA Shaquille O’Neal is not the only celebrity, which has tasted the anger of the United States Securities and Exchange commission for the promotion of unregistered titles. Other celebrities, including Tom Brady, Gisele Bundchen, Steph Curry, Naomi Osaka, Shohei Otani and Larry David, are also faced with a calculation for similar mentions in a distinct watercolor on the disappearance of the FTX cryptographic platform.
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