Law Firm Sues Yuga Labs and Moonpay - Coinleaks
Current Date:November 7, 2024

Law Firm Sues Yuga Labs and Moonpay

A law firm in the USA, among them Yuga Labsand moonpayincluding about to 40 companiesfiled a class action lawsuit.

The ongoing turbulent process in the crypto industry has also negatively affected the players of the industry. Many crypto projects are looking for ways to survive this turbulent time. The decrease in the volume of the crypto money market by almost 70 percent was also effective. The effects of the bear market caused investors to move away from the sector. In the crypto industry, which has had difficult days, legal processes have also intensified. Regulators and regulators are heavily scrutinizing the crypto market. On the other hand USAa law firm in Yuga Labsand to moonpaysued.

Yuga Labs and Moonpay Facing Class Action

USAA law firm from the state of California, Yuga Labsand moonpaywhich is also 40 He filed a class action lawsuit against the company. The premise of the case was shown that they were part of a grand plan.

The law firm that recently investigated participants in collective actions, Yuga Labsand Hollywoodtalent scout Guy Oseary He got the target. Law firm filing a class action lawsuit, sensational made a claim. According to this claim, musicians, athletesand from famous customers Misleading promotions were made with a network of These misleading advertisements made within a plan, Bored Ape Yacht Club(BAYC) NFTincluding the Yuga Labspaved the way for the sale of its products.

Also, the law firm MoonPay He claimed that it was used as a front operation without revealing the investors. Allegedly, companies NFTIt inflates the prices of its products and sells it to users for more than it is worth.