Shaquille O’Neal allegedly violated securities laws when he sold nonfungible tokens in connection with his Astrals Project, according to a proposed class complaint filed Tuesday.
The Astrals NFTs constituted securities that should have been registered before being offered and sold, token owner Daniel Harper says in the complaint, filed in the US District Court for the Southern District of Florida.
O’Neal is among several celebrity defendants in a separate suit over the collapse of the FTX cryptocurrency exchange, which he allegedly participated in promoting. Lawyers for the plaintiffs in that case chased after O’Neal with the complaint for months but …
