🏀 Shaquille O’Neal has agreed to pay $11 million to settle a class action lawsuit over the Astrals NFT collection. The proposal was filed in a Florida court and is awaiting approval from Judge Federico Moreno. If approved, it would resolve allegations that O’Neal promoted unregistered securities.

- The Astrals NFT project includes 10,000 digital collectibles designed by artist Damien Guimoneau, along with the Galaxy cryptocurrency.

- O’Neal, the project’s main promoter, used his celebrity to attract investment, even performing as “DJ Diesel” at events.

- The lawsuit was filed in May 2023, with allegations that O’Neal knew the NFTs were unregistered securities but promoted them anyway.

- After more than a year of litigation, the two sides reached a settlement in November 2024. If approved, the payment will help investors recover losses and legal fees.