【Former NBA Star Shaquille O'Neal Agrees to Pay $11 Million to Settle NFT Lawsuit】According to Golden Finance, court documents show that former NBA star Shaquille O'Neal has signed a settlement agreement related to his Astrals NFT project and Galaxy token launched in March 2022. The settlement amount will be used to cover the plaintiffs' attorney fees and to compensate NFT and token buyers. Previously, a federal court in Florida filed a class action lawsuit against O'Neal, accusing him of promoting unregistered securities on social media. The SEC had previously filed securities-related charges against three NFT projects, including Impact Theory, Stoner Cats, and Flyfish Club. The settlement agreement is currently pending final approval by the judge.
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