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Yuga Labs, Moonpay Named in Celebrity NFT Endorsement Lawsuit

A Californian law firm filed a class-action suit against almost 40 people and companies, including Yuga Labs and MoonPay, alleging they were part of “a vast scheme” of undisclosed celebrity endorsements.

Scott + Scott, which was recently scouting for participants for the class action, claim that Yuga Labs and Hollywood talent agent Guy Oseary devised a plan to leverage their “vast network of A-list musicians, athletes, and celebrity clients and associates to misleadingly promote and sell the Yuga Financial Products,” including its Bored Ape Yacht Club (BAYC) NFTs. 

(by Callan Quinn)

Yuga Labs MoonPay NFT
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