Shaq Slapped with FTX & Astral NFT Suit in Former FTX Arena

Shaq’s FTX promotion in the past came back to haunt him in no other than the FTX Arena.

Tiny man in suit trying to hand some documents to Shaq, but he cant reach up high enough.
Created by Gabor Kovacs from DailyCoin
  • Plaintiffs claim they suffered financial losses due to Shaq’s behavior.
  • The legal process servers entered the ex-FTX arena on Game 4.
  • Shaq is the only defendant in the new Solana Astrals NFT case.

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

The Big Shaqtus got slapped with an updated version of the same FTX class-action lawsuit he allegedly evaded for the past 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.

Cat & Mouse Game at the NBA Conference Finals

The lawyer duo claims that the Shaq-Fu star was the most challenging to track down, even though he’s one of the most high-profile names in the lawsuit. On top of that, Shaq claims that the first time the legal process servers approached him was rather incompetent.


According to 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. However, attorney Adam Moskowitz begs to differ – the plaintiff’s lawyer claims that the process servers did their best to get ahold of Shaq.

Indeed, the process servers had to buy tickets to Game 4 of the NBA Eastern Conference Finals, but seeing the clash of the titans between 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 NFT Lawsuit Blames Shaq

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


While the plaintiff sees it as an “offer and sale of unregistered securities,” Shaq is also being called out for evading any communication with the Astrals NFT community, as he’s been silent on Discord since January 2023.

On the Flipside

  • The plaintiff in the Solana Astrals NFT case also suggests that Shaquille O’Neal “should have known” not to promote unregistered securities.
  • This supposed lack of due diligence comes after Shaq was featured in The FTX Podcast, asserting that “asking questions are very important.”

Why This Matters

The wave of lawsuits targeting celebrities who previously endorsed the disgraced FTX can lay the foundation for clearer rules for promoting crypto projects in the future.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.