Cointime

Cointime

Download App
iOS & Android
Home / Tech

Yuga Labs co-creation: Ryder Ripps still needs to pay about US$9 million in legal fees and costs due to copyright infringement

Wylie Aronow, co-founder of Yuga Labs, stated on social media that Ryder Ripps will have to pay approximately $9 million in legal fees and costs for copyright infringement. Aronow wrote, "Thank you to the court for reviewing all the facts. Thank you to our community for always supporting us. Thank you to our legal team for defending us. Fortunately, we have finally settled with those scammers." According to a tweet by lawyer NeerMcD forwarded by Wylie Aronow, the fees demanded by the lawyer include $6,983,432.62 in fees, $317,295.04 in costs, certain fees for three Yuga Labs experts, and all R&R preparation costs.

Yuga Labs
Comments

All Comments

Recommended for you

  • Scam Sniffer: Crypto-Malware "Meeten" Renamed to "Meetio", Reminding Community to Be Vigilant

    Scam Sniffer posted on X platform, stating that the crypto conference malware "Meeten" has been renamed to "Meetio". The community is warned to be vigilant, as the renamed application is just a "disguise" and still poses a security threat.

  • Education platform Giggle Academy announces official X account has been restored

    education platform Giggle Academy announced that its official X account has been restored. It stated that Giggle Academy is a free learning application. There are no tokens or fees, only fun education. Please carefully check all content to avoid fraud.

  • Cosine: DEXX has calculated the total loss to be close to 20 million US dollars

    Yu Xian announced on X that as of now, we have analyzed 821 cases of stolen information related to DEXX users, with a total loss of nearly 20 million US dollars. Among them, one person lost over 1 million US dollars, two people lost between 500,000 and 1 million US dollars, and 28 people lost between 100,000 and 500,000 US dollars. The collection of stolen information is still ongoing.

  • A whale liquidated WBTC positions built in the past 10 months 6 hours ago, with a cumulative profit of 14.26 million US dollars

    According to AI aunt's monitoring, the giant whale 0x3c9...8f757 cleared the WBTC built up over the past 10 months six hours ago, with a total profit of about $14.26 million.Starting from October last year, he withdrew 618 WBTC in batches from Binance, with an average price of only $39,899; and gradually reduced his position after BTC reached a new historical high, with an average selling price of $62,921, selling tokens worth a total of $38.89 million.

  • Asset Management Firm Franklin Templeton Files S-1 for New Crypto Index ETF

    On August 17th, Franklin Templeton, an asset management company, is seeking to launch a new exchange-traded fund (ETF) that aims to be a one-stop-shop cryptocurrency investment portfolio, according to a document dated August 16th. The document states that the Franklin Crypto Index ETF will track the performance of the CF Benchmarks Digital Asset Index, which currently only includes Bitcoin and Ethereum. The document states that "the fund will achieve its investment objective by investing in digital assets with weights that are roughly similar to those of the underlying index," and that the ETF may hold other types of cryptocurrencies in the future.

  • VanEck and 21Shares Solana ETF Form 19b-4 Suspected to be Removed from CBOE Website

    According to X user @SummersThings, the 19b-4 form for VanEck and 21Shares Solana ETF seems to have been removed from the CBOE website on August 17th. The documents SR-CboeBZX-2024-066 and SR-CboeBZX-2024-067 are no longer accessible through direct links and are no longer visible in BZX pending rule changes.

  • Runecoin: Season 2 is about to start, with mechanics and timing being the priority

    Runes project Runecoin announced on social media that it plans to start Season 2, prioritizing mechanisms and timing.

  • Cointime May 3rd News Express

    1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days

  • Yuga Labs will migrate the Otherside metaverse to Improbable’s Msquared

    Yuga Labs and Improbable announced the migration of Otherside Metaverse to Improbable's Msquared, which is Improbable's interconnected Metaverse network. By rebuilding Otherside, Yuga Labs will provide the community with the ability to build in large-scale environments and interoperability. Improbable and Yuga Labs also announced other news about the development of Otherside, including a large multiplayer game event in July and the launch of Otherside development toolkit World Builder ODK.

  • Development company Yuga Labs sells one of its gaming companies for about $97.1 million

    According to CNBC, Improbable, the development company behind Yuga Labs' metaverse Otherside, which acquired multiplayer game service company The Multiplayer Group (MPG) in 2019, has sold it to Keywords Studios for £76.5 million (approximately $97.1 million).Improbable co-founder and CEO Herman Narula said the deal is part of its "venture investment" strategy, which involves investing in or acquiring teams related to gaming and metaverse, and choosing to expand or split these teams later. While this move suggests that Improbable may reduce its investment in gaming, Narula does not believe that selling MPG means it is reducing its business in this area. Narula said: "We will not sell any technology, nor will we stop working with gaming companies."Keywords, headquartered in Ireland, has more than 70 studios in Los Angeles, France, Brazil, Mexico, and Spain, mainly developing games for third-party developers. MPG was founded in 2018 and is known for its work on games such as "Fallout 76" and "Medal of Honor: Above and Beyond".

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company