Yuga Labs Sues Artist Ryder Ripps for 'Scamming Consumers' and Misusing Bored Ape Trademarks
The creators of the popular non-fungible token project Bored Ape Yacht Club , Yuga Labs, have sued the artist dubbed Ryder Ripps and collaborators for attempting to devalue the BAYC brand. Yuga Lab’s lawsuit claims Ripps and associates trolled the company and started “scamming consumers into purchasing RR/BAYC NFTs by misusing Yuga Labs’ trademarks.A lawsuit has been filed by Yuga Labs in the state of Califonia against the artist Ryder Ripps and a few associates.
Yuga Labs’ trademarks were also allegedly used in Ripps’ “Ape Market” NFT marketplace. The lawsuit adds that this is “no mere monkey business” and that Ripps’ actions were a “deliberate effort to harm Yuga Labs at the expense of consumers.”
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