Shaquille O’Neal $11M Astral NFT Settlement

If you purchased or held legal title to any Astrals Non-Fungible Tokens (Astrals NFTs) or Galaxy Tokens (GLXY), you may be eligible to claim up to 100% of your purchase price from a class action settlement.

Shaquille O’Neal and associated entities have agreed to pay $11,000,000 to settle a class action lawsuit for alleged violations of federal securities laws by promoting and selling unregistered securities in the form of Astrals NFTs and GLXY tokens.

Who is eligible for a payout?

The class members eligible to file a claim include:

• Individuals or entities who purchased Astrals NFTs between May 24, 2022, and January 14, 2025.
• Individuals or entities who purchased GLXY tokens before January 14, 2025.

How much will my settlement payment be?

• Full Purchase Recovery: If you did not sell your Astrals Financial Products, you could receive up to 100% of the purchase price paid
• Partial Recovery: If you sold your Astrals Financial Products, claimants can recover the difference between the purchase and sale price, unless the sale price was higher.

The prices for purchases or sales shall be calculated in U.S. dollars as of the date of purchase or sale to the extent a cryptocurrency, such as Solana, was used to make the purchase or sale.

How do I claim my payout?

To claim a your settlement payment, class members must submit a claim form online by April 17, 2025. There is no print and mail option available.

Claim instructions

To submit a claim, follow these steps:

1. Visit the settlement website
2. Complete the online claim form with your personal information and transaction details.
3. Upload necessary documentation, such as national identification, NFT numbers, and wallet addresses.
4. Submit the claim form online through the settlement website by the deadline on April 17, 2025.

Do I need to provide proof to receive a payment?

Yes, claimants need to provide proof of purchase, including:

• Copy of national ID, such as passport or driver's license
• Purchase and Sale dates along with transaction hash
• Details of the Astrals NFTs or GLXY tokens purchased
• Public wallet address used for each transaction

Payout options

Claimants will select one of:

• Direct deposit to the claimant's bank account
• Check mailed to the claimant's address

$11 Million Settlement fund

The settlement fund of $11,000,000 will cover the claims of eligible class members, attorneys' fees, and other administrative expenses:

• Payments to approved claimants
• Class Counsel Fees and Costs: Up to $2,910,000.
• Costs of Administration and Class Notice: Deducted from the fund
• General Release Payments to Plaintiffs: $90,000.

Important dates

• Deadline to File a Claim: April 17, 2025
• Final Approval Hearing: April 1, 2025

When is the Astrals NFT Settlement payout date?

Payments will be issued after the settlement is approved and any appeals are resolved, following the final approval hearing. The final approval hearing is scheduled for April 1, 2025.

Why is there a class action settlement?

The lawsuit claims that the defendants promoted and sold unregistered securities, violating federal securities laws. The settlement was reached to avoid the expenses of continued litigation and a possible trial.