Class-Action Lawsuit Against MoonPay, Yuga Labs Names Sotheby’s As Defendants
08/12 03:15
A class action lawsuit is accusing cryptocurrency payment company MoonPay of colluding with Yuga Labs, the developer of Bored Ape Yacht Club, and several celebrities to inflate the value of NFTs. The witness claims to have been one of the few compliance employees at the company who was granted "additional access to files and data related to MoonPay customer financial transactions" during 2022. The complaint alleges that they were unable to find any information on celebrity clients, including basic personal profile information, compliance data, or any transaction history.
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