Yuga Labs Facing More Lawsuits Over NFTs


The beleaguered cryptocurrency and fintech company Yuga Labs is going to be hit with more legal action in connection with its nonfungible tokens (NFT) collection, Bored Ape Yacht Club (BAYC), and many other ventures.

On January 30, the worldwide legal firm Rosen Law Firm, which specialises in the protection of investor rights, made the announcement that it intends to bring a class action lawsuit against the company Yuga Labs.

Rosen sent an invitation to buyers of Yuga assets, such as BAYC NFTs and the native token ApeCoin (APE), to participate in the class action lawsuit filed against Yuga before to the deadline for the lead plaintiff, which was set for February 7.

The legal firm emphasised that investors in Yuga securities who bought BAYC and APE between April 23, 2021 and December 8, 2022 may be entitled to compensation without having to pay any additional costs as a result of a contingency fee arrangement. This compensation could be obtained without the payment of any additional costs.

The new action is going after a huge number of defendants, one of them is Wylie Aronow,…

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