Bored Ape Yacht Club and ApeCoin investors have a chance to get their losses compensated in a new class action lawsuit against Yuga Labs.
Troubled cryptocurrency fintech Yuga Labs is about to face more lawsuits in relation to its nonfungible tokens collection, Bored Ape Yacht Club and other projects.on Jan. 30 that it’s planning to file a class action lawsuit against Yuga Labs.
Rosen invited purchasers of Yuga securities — including BAYC NFTs and the native token ApeCoin — to join the class action against Yuga by the lead plaintiff deadline set for Feb. 7. The law firm emphasized that Yuga securities’ investors that bought BAYC and APE between April 23, 2021, and Dec. 8, 2022, may be entitled to compensation without payment of any additional costs through a contingency fee arrangement.took a leave from the office
on Jan. 28, citing health problems. The case will also be against co-founder Greg Solano, billionaire BAYC founder Kerem Atalay, Yuga Labs CEO Nicole Muniz, as well as some world-known celebrities, including Madonna and firms like Adidas and Moonpay. The new lawsuit is yet another attempt to hold Yuga Labs accountable for massive losses by NFT investors who bought BAYC and APE over the past few years. By October 2022, the average transaction value of BAYC NFTs
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