tldr; Yuga Labs could face a class action lawsuit that alleges it artificially boosted the price of its crypto assets, leaving investors with deep losses. Investors were “inappropriately induced” to buy the company’s NFTs (non-fungible tokens) and its native coin ApeCoin, law firm Scott+Scott wrote. Celebrities such as Snoop Dogg, Tom Brady and Paris Hilton have endorsed the BAYC NFT collection.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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