The Bored Ape Yacht Club is in for some rough seas.
that states, “Celebrities and others are using social media networks to encourage the public to purchase stocks and other investments. These endorsements may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly or indirectly, by the company in exchange for the endorsement.
The plaintiffs are demanding a jury trial on these charges, requesting damages and restitution to be awarded to anyone who suffered financial losses by purchasing Yuga’s NFTs or Yuga’s cryptocurrency, ApeCoin, starting from April 23rd, 2021.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Celebs Are Being Sued for Shilling Expensive Bored Ape NFTsGwyneth Paltrow and Jimmy Fallon are among those accused of urging people to buy 'losing investments' without disclosing payments for endorsements.
Read more »
Jimmy Fallon, Paris Hilton and Justin Bieber Among Stars Facing Lawsuit for Promoting Bored Ape NFTs | CoinMarketCapThe suit argues that celebrity promotion of crypto is 'fraught with problems' — and it's claimed Yuga Labs was involved in a 'vast scheme' to misleadingly promote and sell products.
Read more »
Huge List of Celebs Accused of Taking Secret Payments to Shill Bored ApesA lawsuit is alleging that Yuga Labs conspired to inflate the worth of Bored Ape Yacht Club (BAYC) NFTs through undisclosed celebrity endorsements.
Read more »
Animoca Brands, TinyTap Release Publisher NFTs on OpenSeaAnimoca Brands and its subsidiary, TinyTap, are going to unveil their second Publisher NFTs series
Read more »
LandVault’s new protocol mints metaverse builds and experiences as NFTsThe Matera Protocol will tokenize metaverse builds — think virtual shops or stadiums — which will make it easier for creators to monetize their projects.
Read more »
Parenting, Baby Names, Celebrities, and Royal News | CafeMom.com
Read more »