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Shaquille O'Neal Settles $11M Astrals NFT Lawsuit 🏀💰
Basketball legend Shaquille O'Neal has agreed to pay $11 million to settle a class-action lawsuit tied to his promotion of the Astrals NFT project. Investors claimed the🔤 purchased these digital assets due to O'Neal's influence, but their value plummeted after he distanced himself from the project, leading to significant financial losses.
This case highlights the risks of investing in celebrity-endorsed NFTs and serves as a reminder to conduct thorough research before committing funds.
Basketball legend Shaquille O'Neal has agreed to pay $11 million to settle a class-action lawsuit tied to his promotion of the Astrals NFT project. Investors claimed the🔤 purchased these digital assets due to O'Neal's influence, but their value plummeted after he distanced himself from the project, leading to significant financial losses.
This case highlights the risks of investing in celebrity-endorsed NFTs and serves as a reminder to conduct thorough research before committing funds.