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Astrals NFT Lawsuit Ends With $11 Million Deal From Shaquille O’Neal

  • NBA Hall of Famer Shaquille O’Neal has settled an $11 million lawsuit over the failed Astrals NFT project.
  • Investors in Astrals claimed that the NFTs were linked to O’Neal’s popularity, and when he disassociated himself from the project, the market value dropped.
  • The settlement fund will repay investors who purchased the unregistered securities, including the GLXY governance token and Solana-based NFTs.
  • Other celebrities, such as Kim Kardashian and Larry David, have also faced issues with promoting unregistered digital assets.

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