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Market News

Shaquille O’Neal Served with FTX and Astral NFT Lawsuits

Process Server Films Interaction as Shaquille O'Neal Dodges Service for Months.

Written By Ronak Kumar
Published 2023-05-25·Updated 2 years ago
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Shaquille O'Neal Served with FTX and Astral NFT Lawsuits

Shaquille O’Neal received two complaints while broadcasting the Miami Heat vs. Boston Celtics game. Process servers have been attempting to deliver a class-action lawsuit for months, accusing him of promoting FTX.

Shaquille O’Neal is allegedly still avoiding attorneys representing FTX investors

“According to the Wall Street Journal, lawyers for the plaintiffs have tried and failed to serve O’Neal both at his home and the TNT studio repeatedly. At one point, they said they ‘tossed the… pic.twitter.com/J6vtOrHO9a

— NBACentral (@TheDunkCentral) May 18, 2023

A new lawsuit accuses Shaquille O’Neal of founding and promoting the Astrals NFT project on Solana, claiming it involved “unregistered securities.” This adds to the legal issues he already faces regarding FTX promotion.

During a playoff basketball game on May 23, process servers successfully located Shaquille O’Neal at the Kaseya Center (formerly known as the ex-FTX Arena), where he was commentating.

Lawyer Adam Moskowitz confirmed that Shaquille O’Neal was served with the FTX class-action lawsuit and a separate class-action suit regarding his alleged promotion of the Astrals project.

Earlier, Shaquille O’Neal contended in court that process servers for the FTX suit threw the papers in front of his moving car, which he subsequently left on the road. His legal team argued that this method of service was “inadequate.”

O’Neal’s lawyers argued that the previous lawsuit served in Georgia did not comply with state law and lacked authorization. In the recent suit service, Moskowitz stated that the process server acquired tickets to the May 23 Eastern Conference finals game, where O’Neal was commentating.

O’Neal and Curry joked about the lawsuit on TV. Curry received an award before the game, and O’Neal spoke to him. “Thanks for getting me in trouble,” O’Neal jokingly said to a laughing Curry. “Don’t say nothing, be quiet,”

The FTX suit targets celebrities, including O’Neal, Steph Curry, Tom Brady, Larry David, and FTX founder Sam Bankman-Fried, who is accused of endorsing the bankrupt exchange.

Shaquille O’Neal’s involvement in legal disputes related to FTX and the Astrals NFT project raises concerns about his endorsement practices and potential legal ramifications. It is essential for public figures to adhere to regulations and ensure transparent partnerships, maintaining trust with their audience and avoiding legal complications.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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