ChainCatcher news, according to crypto.news, Florida federal court judge Federico Moreno this week finally approved NBA star Shaquille O'Neal's settlement agreement with the Astrals NFT buyers' class action for $11 million. The judge stated in the issued order that the plaintiffs have reviewed and approved the fees requested by the lead class counsel as fair and reasonable.

ChainCatcher news, according to Cryptonews, NBA star Shaquille O'Neal has agreed to pay $11 million to settle a class action lawsuit related to his involvement in the Solana-based NFT project Astrals.On April 1, Florida federal judge Federico Moreno approved the final settlement agreement, which was made public on April 8. The settlement establishes an $11 million fund for eligible investors who purchased Astrals NFTs or acquired the project's GLXY tokens between May 2022 and January 15, 2024. The lawsuit was initially filed in May 2023, accusing Shaquille O'Neal of promoting and helping to launch the Astrals NFT series, with the plaintiffs claiming this amounted to the sale of unregistered securities. They alleged financial losses due to O'Neal's promotional activities.

ChainCatcher news, according to DLNews, former NBA star Shaquille O'Neal has signed an $11 million settlement agreement regarding the Astral NFT and Galaxy token lawsuit, covering the plaintiffs' attorney fees as well as cash payments to NFT and token purchasers. The settlement agreement is currently pending approval from the judge.Previously, O'Neal was sued for promoting cryptocurrency, with a class action filed in federal court in Florida accusing O'Neal of promoting the unregistered Astral token in violation of securities laws.The lawsuit claims that O'Neal repeatedly promoted the Astrals NFT on his various social media accounts, but the value of the related tokens and NFTs subsequently experienced a "sharp decline."

ChainCatcher news, singer Justin Bieber holds $575,011 in cryptocurrency, including 146.478 ETH worth $550,000.In addition, comedian and TV host Jimmy Fallon holds $142,324 in cryptocurrency, of which $129,340 is ETH. Basketball legend Shaquille O'Neal holds $3,655 on-chain, primarily in Apecoin (APE). American actress and businesswoman Gwyneth Paltrow holds $14,685 in cryptocurrency.

ChainCatcher news, according to The Block, Tom Brady, Gisele Bündchen, Stephen Curry, Larry David, Shaquille O'Neal, David Ortiz, and Naomi Osaka, former FTX spokespersons, have filed a separate motion to dismiss the lawsuit against them, which accuses the defendants of colluding in FTX fraud.The motion states that the plaintiffs "have not presented any facts to support their claims" that the celebrities were involved in a "secret FTX scheme carefully orchestrated by a handful of FTX insiders."

ChainCatcher news, the current management of FTX disclosed a detailed list of celebrities, businesses, and sports teams promoted over the years in a court document submitted to the bankruptcy court. Among them, FTX paid nearly $750,000 to former NBA star Shaquille O'Neal, approximately $308,000 to tennis star Naomi Osaka, nearly $206,000 to Jacksonville Jaguars quarterback Trevor Lawrence, and about $271,000 to former Boston Red Sox player David Ortiz.FTX stated that the list itself may not reflect a comprehensive account of all deposits and repayments, but it is working to identify all outstanding payments from previous years to understand how much can be recovered to repay debts.ChainCatcher previously reported that on September 9, FTX's financial advisor indicated that FTX is exploring whether it can recover the promotional fees paid to sports stars like O'Neal.

ChainCatcher news, according to Bloomberg, FTX advisors are exploring the possibility of reclaiming millions of dollars previously paid to Shaquille O'Neal, tennis star Naomi Osaka, and other professional athletes and teams who had promoted FTX.According to court documents, FTX advisors have reviewed the payments made to O'Neal, Osaka, and others to determine whether these transfers comply with the rules allowing the company to reverse transactions that occurred before filing for bankruptcy protection.

ChainCatcher news, according to The Wall Street Journal, Adam Moskowitz, the lawyer representing FTX investors, served legal documents related to the FTX class action lawsuit to former NBA star Shaquille O'Neal again on Tuesday during Game 4 of the NBA Eastern Conference Finals at the Kaseya Center in Miami (formerly known as the FTX Arena) and informed him that he has been sued.Earlier reports indicated that O'Neal was sued for promoting FTX, and lawyers had been searching for him for months. The process servers had been working hard to formally notify O'Neal that he was a target of the lawsuit; he was subsequently formally served with the FTX class action lawsuit in April, requiring him to appear in federal court. (Source link)

ChainCatcher news, according to Bloomberg, former NBA star Shaquille O'Neal has been sued again for promoting cryptocurrency. The class action lawsuit filed in federal court in Florida accuses O'Neal of promoting the unregistered Astral tokens in violation of securities laws.The lawsuit claims that O'Neal repeatedly promoted Astrals NFT on his various social media accounts, but the value of the related tokens and NFTs subsequently experienced a "sharp decline." (Source link)

ChainCatcher news, according to The Block, former NBA star Shaquille O'Neal has been officially served with a lawsuit in the FTX class action case at his home and will be required to appear in federal court.It is reported that O'Neal was sued for promoting FTX, and lawyers have been searching for him for three months. The process servers have been working hard to formally notify O'Neal that he is a target of the lawsuit. The lawyers have now served him at his home, and a video has been made of his interaction with a process server. According to the lawsuit, O'Neal will be required to appear in federal court to explain to the public his involvement in FTX's "false advertising campaign." (source link)

链捕手消息，12月23日，NBA知名球星“大鲨鱼”奥尼尔将其推特名称改为“SHAQ.ETH”，shaq.eth 域名解析后地址为0x3C6aEFF92b4B35C2e1b196B57d0f8FFB56884A17。据 Zapper 数据，该地址目前持有价值约 $79,443.6 NFT 资产，其中知名 NFT 系列包括 Mutant Ape Yacht Club #14452、Creature World #9018、Creature World 9299等。 今年10月15日，奥尼尔曾与 EthernityChain 合作发售个人 NFT 系列“Shaquille O'Neal: The Eras of Dominance Collection”。该系列包含五个不同的 NFT，描绘了奥尼尔职业生涯效力的三支球队——洛杉矶湖人、奥兰多魔术和迈阿密热火。（来源链接）