The suit says celebs peddled the non-fungible tokens without disclosing their investment in the company behind them, Yuga Labs.
in the last year — without disclosing their investment in the company behind them, Yuga Labs.
The proposed class-action suit says the famous NFT-backers committed fraud “by convincing potential retail investors that the price of these digital assets would appreciate.”The suit claims celebs defrauded fans when they promoted Bored Ape Yacht Club NFTs.Other celebs named in the suit include: Justin Bieber, Kevin Hart, Stephen Curry, Serena Williams and her husband Reddit CEO Alexis Ohanian, Snoop Dogg, The Weeknd, and DJ Khaled.
Fallon did a segment on NFTs on NBC’s “The Tonight Show” in November 2021, telling viewers he got his first Bored Ape Yacht Club NFT through Moonpay — without saying he had a stake in Moonpay, the suit alleges.
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