Chased by Lawyers in Missing $8,920,000,000 Case, Shaquille O’Neal in Hot Water Yet Again as Ghosts of Old Venture Come Back to Haunt Him

Shaquille O’Neal is caught in yet another legal battle. The NBA legend was recently listed in a class action lawsuit along with several other notable celebrities. In fact, the ways he resorted to in his quest to avoid being served were quite a hit in the media. It has not even been a week since and the Big Man has found himself in another tricky situation.

This time it is slightly different because one of his sons’ is also indirectly involved. Although the case is in its earliest stage, Shaq’s name is bringing so much attention to it. Amidst everything going on with his legal issues, one thing is clear, the cryptocurrency promotions by the Big Man are not going well for him.

Shaquille O’Neal is being sued in yet another crypto-related matter

The 4x NBA champion was in the news a few days ago because of his ways to avoid interaction with the attorneys representing the FTX investors. Shaq was among the list of celebrities named in the class action lawsuit by the FTX investors. Other than Diesel, Stephen Curry, Tom Brady, Gisele Bündchen, Larry David and Naomi Osaka were also made part of it.

Although the other celebrities showed no resistance at the early stage of the matter, Shaq went to extreme lengths to avoid the representatives. When the attorneys approached him outside his house, Shaq cruised past them in his SUV. The investors’ representatives tossed the papers onto his fast-moving vehicle.

In another proposed class action lawsuit filed in Florida, he is being sued for violating securities laws by selling unregistered Astrals tokens. The suit is filed by Daniel Harper, an investor and he is being represented by Adam Moskowitz, who also represents the FTX investors. Shaq launched the Astral Projects in 2022.

As per the complaint, the idea behind the project was to promote investment in the virtual world. The project intended to connect investors in the virtual world through their avatars which could be traded in a marketplace. The idea based on NFTs also involved Shaq’s son, Myles O’Neal.

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He started the Astrals Project in 2022 with his music manager, Brian Bayati as CEO and Myles as head of investor relations. The series of NFTs was named “Shaq Signature Pass” and was heavily promoted by the NBA legend on his social media.

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Now that the drama has started to unfold, it will be interesting to see how Shaq reacts to this fresh lawsuit. Additionally, we will also get to see the validity of the claims made against the Big Man.