Shaquille O’Neal is close to ending the chapter on a legal drama. It reportedly comes at a hefty price. In 2023, the NBA legend and endorsement machine was served for his connection to the FTX and Astrals NFTs. A few months ago, he got a small reprieve when the case was partially dismissed. According to new reports, O’Neal’s party has now agreed to a settlement with the investors hurt by the Astrals NFTs.

The latest developments in the ongoing lawsuit state that O’Neal has agreed to create an eight-figure class action settlement fund, valued at $11 million, in exchange for having the suit dismissed. This settlement will go to the investors injured by the Astrals Project non-fungible tokens and GLXY tokens. His legal team also reportedly resolved all claims against Shaq in the FTX litigation.

Shaq’s reps declined to comment on the situation. However, Adam Moskowitz, one of the lawyers representing the plaintiffs who filed against Astrals, praised Shaq’s move. “So much credit goes to Shaq personally for wanting to help all of the other victims, and to our federal judges,” Moskowitz said, as per Law.com. “Mr. O’Neal was asked to promote both Astrals and the failed FTX platform.”

O’Neal has remained mum on the entire lawsuit since he was served. He used to be involved as an endorser and Astrals used his celebrity stature as a marketing tool. He reportedly vowed to stick with his commitment when things started to go downhill last year but he has since distanced himself.

Shaquille O’Neal’s settlement comes after a minor win

In August, Shaquille O’Neal was looking at a possible court summons related to FTX, crypto-collapse, and Astrals NFT. But there was a small consolation for him at the same time.

The US District Court for the Southern District of Florida, Miami Division, where the class action lawsuit for Shaq’s role in the Astrals NFT project is filed, both granted and dismissed parts of the suit. The lawsuit alleged Shaq not only promoted the NFTs as the face of Astrals but also claimed he was a “control person” who exercised some decision-making in the dealings. The Florida court dismissed the latter allegation.

Although Shaq sent out GIFs from The Wolf of Wall Street on Discord that said, “I’m not f—ing leaving,” when the cryptocurrency exchange FTX collapsed in November 2022, he had walked away from Astrals quietly. The court identified him as a “seller” at most. He was summoned to present his defense as a promoter. However, what happened with that is currently unclear.

The settlement is pending judicial approval. When he gets that, Shaq probably can put this chapter behind him.