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Sotheby’s and Yuga Labs respond to lawsuit from Bored Ape investors

On Dec. 10, 2022, BAYC investors filed a class-action lawsuit against over 40 defendants, including Yuga Labs and celebrities like Post Malone, Justin Beiber and Paris Hilton. The lawsuit alleged that Yuga Labs and the celebrities were able to “artificially increase” the prices of the NFTs through celebrity promotions.

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Source: Cryptocurrency - investing.com

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