Celebrity NFTs on the decline: Justin Bieber and Paris Hilton sued! - Coinleaks
Current Date:September 21, 2024

Celebrity NFTs on the decline: Justin Bieber and Paris Hilton sued!

A group NFTinvestor, famous names NFTsHe stated that he would make a litigation move due to the decrease in value.

ravaging an era NFT The trend is shaking the agenda with lawsuits filed against famous names. Many popular names launched their own NFTs at the time, generating huge revenues. But, NFT The depreciation of the sector and cryptocurrencies led to incredible losses for the interested investors. The latest development regarding the events is that a group of NFT investors will sue famous names.

There are 30 defendants named in the case

An NFT community, Sotheby’s Holdings Inc. and other names because of the drop in the price of collectible items approved by celebrities. The four plaintiffs named in the class action described the NFTs as “misleading.” It is stated that there are 30 defendants among the information about the case.

The lawsuit, which includes celebrities such as Justin Bieber and Paris Hilton, is generally described as profiting from false interest. The legal team of the plaintiffs stated that they are working intensively on the related complaints. Popular names such as Justin Sun and Paris Hilton have not yet made a statement on the subject.