Cryptocurrency News

Yuga Labs ‘inappropriately induced’ BAYC investors: Class action

2022.07.25 16:58

Yuga Labs 'inappropriately induced' BAYC investors: Class action
Yuga Labs ‘inappropriately induced’ BAYC investors: Class action

A proposed class-action lawsuit alleges that Yuga Labs “inappropriately induced” the community to buy Bored Ape Yacht Club non-fungible tokens (NFTs) and the project’s affiliated ApeCoin (APE) token.

The proposed class-action driven by law firm Scott+Scott was published on July 21, claiming that Yuga Labs used celebrity promoters and endorsements to “inflate the price” of the BAYC NFTs and the APE token.

Source

Related Articles

Leave a Reply

Back to top button