A Miami attorney said a class action against a National Basketball Association star and his non-fungible token project, Astrals, represents the next wave of cryptocurrency lawsuits seeking to coin an NFT as a security in the emerging area of digital assets law.

Adam Moskowitz, of the Moskowitz Law Firm, filed an amended 111-page complaint on behalf of plaintiff Daniel Harper against defendant NBA star Shaquille O’Neal and entities under Astrals LLC, for various securities violations, including the offer and sale of unregistered securities, such as the Galaxy tokens and NFTs created for the Astrals Project, whose main promoter was O’Neal.

FILE - Host Shaquille O'Neal attends Shaq's Fun House on Feb. 11, 2022, at the Shrine Auditorium and Expo Hall in Los Angeles. (Credit: Mark Von Holden/Invision/AP, File) FILE – Host Shaquille O’Neal attends Shaq’s Fun House on Feb. 11, 2022, at the Shrine Auditorium and Expo Hall in Los Angeles. (Credit: Mark Von Holden/Invision/AP, File)

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