ChainCatcher News: A U.S. court dismissed the allegations that basketball superstar Shaquille O'Neal was the "controller" of the NFT project Astrals. The court ruled that Shaquille O'Neal participated in the Solana NFT project Astrals as a "seller" rather than a "controller," and granted Shaquille's request, dismissing some of the allegations against him in the unregistered securities class action that began in May 2023.The court dismissed the claims that the legendary basketball player was the "controller" of Astrals, with the plaintiffs alleging that O'Neal exercised "actual power or control" over the project. However, U.S. District Judge Federico Moreno ruled that O'Neal was a successful "seller" who attracted buyers for Astrals products. The judge also denied the defendants' motion to dismiss the allegations that Astrals NFTs and Galaxy tokens are financial securities.Astrals is a Solana-based NFT project featuring 10,000 unique 3D avatars, aimed at promoting investment in a virtual world and decentralized autonomous organization (DAO) called Astralverse. The project also has its own cryptocurrency, Galaxy, which serves as the governance token for the DAO.

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 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)