Investors accuse Yuga Labs and MoonPay of unfair advertising – Bits Media

Law Firm Scott + Scott filed a collective lawsuit against almost 40 Man and companies, Including Yuga Labs and MoonPay, for promoting advertising misleading.

The lawsuit was filed in the U.S. District Court of the Central District of California on behalf of investors, who purchased NFT Yuga Labs, Including Bored Ape Yacht Club (BAYC) and apecoin.

SCOTT lawyers + Scott said, that Yuga Labs and Hollywood Searching Agent Guy Osiri (Guy Oseary) Developed a joint plan to use their "extensive network of high -class musicians, athletes, as well as famous customers and partners ”for the dubious practice of promoting Yuga financial products on social networks.

The collective claim is approved, that the positive reviews of celebrities about NFT BORED APE and Apecoin tokens have led to financial losses for investors.

“Sale of digital assets, such as NFT, Requires information disclosure, Like any other financial product. but, The exclusivity of BayC membership is completely based on the support of very influential celebrities ", - says in the lawsuit.

There are a total of 37 defendants, including the founders and leadership of Yuga Labs, Moonpay and its CEO Ivan Soto-Right (Ivan Soto-Wright); co -founder and investor Reddit Alexis Oganyan (Alexis Ohanian), APE DAO member Amy Wu (Amy Wu), Guy Osiri (Guy Oseary), Madonna, Paris Hilton (Paris Hilton), Snoop Dogg (Snoop Dogg) and others.

Previously co -founder Dogecoin Billy Marcus (Billy Markus) criticized the launch of the Bored Ape Yacht Club Apecoin project by the popular project. He wrote on Twitter, that market speculations with Apecoin in the NFT space are toxic.