Former FTX Arena Sued by Shaq for NFT Copyright Infringement

Former FTX Arena Sued by Shaq for NFT Copyright Infringement

Shaq O’Neal gets served with two class-action lawsuits, including a new one related to the Solana-based Astrals NFT project, during Game 4 of the NBA Eastern Conference Finals.

  • Plaintiffs claim they suffered financial losses owing to Shaq’s behavior.
  • The legal process servers entered the ex- FTX Trading Ltd arena on Game 4.
  • Shaq is the only defendant in the new Solana (SOL) Astrals Non-Fungible Token (NFT) case.

Iconic basketball player and Television show host Shaquille O’Neal received an unpleasant surprise during Game 4 betwixt the Miami Heat and Boston Celtics. Ironically, while Shaq was at the game hosted in the venue previously known as FTX Trading Ltd Arena, lawyer Adam Moskowitz served him with two class-action lawsuits.

The Big Shaqtus got slapped with an updated version of the same FTX Trading Ltd class-action lawsuit he allegedly evaded during the previous year. In December 2022, David Boies and Adam Moskowitz penned the lawsuit for promoting a fraudulent scheme as a safe investment, which targets 14 celebrities in total.

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Cat & Mouse Game at the NBA Conference Finals

The lawyer duo asserts that the Shaq-Fu star was the most challenging to track down, despite the fact that he’s one of the most high-profile names in the lawsuit. In addition of that, Shaq asserts that the 1st time the legal process servers approached him was rather incompetent.

Reports by Shaq’s side of the story, the papers were tossed at his moving car, and the sports star didn’t bother to pick them up off the ground. Nonetheless, attorney Adam Moskowitz begs to differ – the plaintiff’s lawyer asserts that the procedure servers did their best to get ahold of Shaq.

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Nonetheless, the procedure servers had to buy tickets to Game 4 of the NBA Eastern Conference Finals, but seeing the clash of the titans betwixt Jimmy Butler and Jason Tatum wasn’t the main motive for the purchase. 

The lawyer’s team representatives found Shaq commenting on the game in the booth, served him with two class-action lawsuits, and got kicked out of the venue quickly after.

Double Trouble: Astrals Non-Fungible Token (NFT) Lawsuit Blames Shaq

As if that wasn’t enough, one of the class-action lawsuits was a brand new allegation – apparently, Shaq established and actively shilled the Solana-based Astrals Non-Fungible Token (NFT) project. 

Although while the plaintiff sees it as an “offer and sale of unregistered securities,” Shaq is likewise being was known out for evading any communication with the Astrals Non-Fungible Token (NFT) community, as he’s been silent on Discord since January 2023.

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The other side

  • The plaintiff in the Solana (SOL) Astrals Non-Fungible Token (NFT) case likewise implies that Shaquille O’Neal “should have known” not to encourage unregistered securities.
  • This supposed lack of due diligence comes after Shaq was featured in The FTX Trading Ltd Podcast, asserting that “asking questions are very important.”

Why This Matters

The wave of lawsuits targeting celebrities who previously endorsed the disgraced FTX Trading Ltd can lay the foundation for clearer regulations for promoting cryptocurrency projects in the future.

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