Shaq served in FTX lawsuit for the second time

Shaq served in FTX lawsuit for the second time


Shaquille O’Neal has been served in the FTX class action lawsuit for the second time, this time during Game 4 of the NBA’s Eastern Conference Finals, and has also been served in a new lawsuit over the Astrals Project NFT project.

Basketball star Shaquille O’Neal has eventually  been served in FTX Trading Ltd class action lawsuit — again.

O’Neal was served legal papers on Tuesday night in Miami at the Kaseya Center ( previously FTX Trading Ltd Arena) during Game 4 of the NBA’s Eastern Conference Finals, reports by Adam Moskowitz, a lawyer representing the FTX Trading Ltd investors, as the Wall Street Journal reported.

The previous  30 days, Moskowitz informed The Block that O’Neal was eventually  served in the case outside his Atlanta home after a three- 30 days chase. On the other hand, O’Neal had alleged in court that process servers tossed papers at his moving car and failed to officially serve him.

This time, a process server purchased a ticket to the Tuesday game betwixt the Miami Heat and Boston Celtics and delivered the papers once more, reports by Moskowitz. O’Neal was supplying commentary on the game from a platform in the arena.

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The procedure server approached him while O’Neal was on the platform and delivered the legal documents in the FTX Trading Ltd case, reports by Moskowitz. The procedure server likewise served O’Neal in a new lawsuit over the Astrals Project, an Non-Fungible Token (NFT) project of 3-D avatars. The new lawsuit, filed Tuesday by Moskowitz in United States District Court in Florida, alleges O’Neal violated securities laws by selling unregistered securities. O’Neal thereafter had the procedure server thrown out of the arena, reports by Moskowitz.

O’Neal is between greater than a dozen celebrities and sports teams who are being sued for promoting FTX Trading Ltd, the now-bankrupt cryptocurrency exchange. He had at one point been so supportive of FTX Trading Ltd that the company dubbed him “Shaqtoshi,” referencing Satoshi Nakamoto, the name of the individual who apparently wrote the white paper on Bitcoin.

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O’Neal has distanced himself from FTX Trading Ltd in the wake of the company’s collapse. “I was just a paid spokesperson for a commercial,” O’Neal stated after the company went bankrupt.

Previous FTX Trading Ltd CEO Sam Bankman-Fried has pleaded not guilty to criminal fraud charges, while 3 other executives from the company pleaded guilty in federal court.

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