snoop dog, post malone And several other celebrities have been named as accomplices in the lawsuit. Bored Ape Yacht Club NFT.
according to complicatedclass action lawsuit filed in Los Angeles federal court Yuga Labs Inc., the cryptocurrency company behind popular NFTs
Plaintiffs Adam Thischer and Adonis Real, who filed the lawsuit, said several celebrities, including actors, musicians, and athletes, “misleadingly advertised” the value of Yuga Financial Products and misrepresented its value. He claims that he was paid from the book to raise
The complaint reportedly alleges that: Yuga hired entertainment manager Guy Oseary to figure out how to “leverage their vast network” to inflate the company’s value. post, snoop, The Weekend, Kevin Hart, Justin Bieber Others have been accused of promoting Bored Ape and other Yuga services through MoonPay, a financial technology firm believed to be associated with Oseary’s Sound Ventures.
“Defendants’ promotional campaign was highly successful, generating billions of dollars in sales and resales,” the lawsuit states. “The hoaxed celebrity endorsements and misleading promotions regarding the launch of the entire BAYC ecosystem (the so-called Otherside Metaverse) artificially increased interest and prices in BAYC NFTs during the relevant period, causing investors to I came to buy a loss investment, at a significantly inflated price.”
The complaint includes Reddit co-founder Alexis Ohanian, NFT artist Beeple, future, DJ KhaledDiplo, Jimmy Fallon, Madonna and more.
A Yuga Labs representative issued a statement via Fox News in response to the lawsuit, stating: We strongly believe they have no merit and look forward to proving it. “
Snoop Dogg jumped into the NFT space with Bored Ape earlier this year, beginning with a music video in collaboration with Eminem. “From The D 2 The LBC” Post Malone joined the fray in a video shared on Instagram via Moonpay.In the video Post is sitting on the phone Buy 2 Bored Ape NFTs He says his friends will be “wowed” because they love everything about non-fungible tokens.
Posty bought Bored Ape #961 and #9039 together for a total of 160 ETH (Ethereum), worth $734,401.60.
