DecentralandShaquille O’Neal Hit With FTX and Astral NFT Suits During NBA Game
Inside Bitcoins
•3 days ago
Shaquille O'Neal was hit with FTX and Astral NFT lawsuits during an NBA game. Here's more and the issues at stake in these legal cases
Trained AI Editor
According to the suit, Shaquille O’Neal and his business partners are accused of violating federal securities laws by offering securities in the form of digital tokens without registering them with the U.S. Securities and Exchange Commission. The lawsuit, filed in the Southern District of Florida on Tuesday, alleges that FTX, Astral NFTs, and their co-defendants sold unregistered digital securities to the public in the form of digital tokens. The complaint further alleges that Shaquille O’Neal, a former NBA star, was actively involved in the promotion of the digital tokens. The lawsuit seeks to recover damages for investors who purchased these tokens.
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