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, a U.S. federal judge has approved a $9 million settlement agreement in a class action lawsuit against the cryptocurrency and stock trading platform Robinhood.Robinhood Financial LLC has been ordered to pay $9 million to resolve a lawsuit regarding its "Refer a Friend" program, which allows users to generate and send text messages to their phone contacts through the trading app, inviting them to join the platform.According to the 2021 lawsuit, this action violated Washington state's Commercial Electronic Mail Act and Consumer Protection Act.