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Bieber, Madonna Among Dozens of Celebs Named in Lawsuit Alleging Yuga Labs NFT ‘Scheme’

A number of celebrities, including Justin Beiber, Paris Hilton, Jimmy Fallon and Madonna, among others, were named as plaintiffs in a class-action lawsuit, alleging that Yuga Labs non-fungible tokens (NFT) collections were "misleadingly promoted" and resulted in financial damage to the defendants.

The lawsuit, filed by John T. Jasnoch of Scott+Scott Attorneys at Law LLP in U.S. District Court for the Central District of California on Thursday, was brought forward on behalf of "investors" who purchased Yuga Labs NFTs including Bored Ape Yacht Club (BAYC) or ApeCoin – the Ethereum-based governance and utility tokens used within the APE ecosystem – between April 2021 and the present. The two plaintiffs, Adam Titcher of California and Adonis Real of Florida, purchased Yuga Labs assets during that time.

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