NFT Drama Ends For Shaquille O’Neal With Hefty $11 Million Settlement

Quick Summary:

NBA legend Shaquille O’Neal has agreed to pay $11 million to settle a class-action lawsuit over his promotion of the failed Astrals NFT project.

A Florida federal judge approved the settlement on April 1, with the order becoming public just this week on April 8, according to court documents.

Total NFT sales volume stood at just $27 million for the week ending April 7, 2025, a dramatic drop from the $2 billion-plus weekly volumes recorded during the market’s peak in 2021.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: Hungary

Topics: NFT NBA Crypto Shaq Shaquille O'Neal Altcoin News Metaverse

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 20:00:28 (6 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 520 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 27762308

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About Bitcoinist

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