The investors named others like Paris Hilton and Justin Bieber in the lawsuit after they promoted the tokens ahead of the price collapse. According to the lawsuit, the auction house, in partnership with creator Yuga Labs, “misleadingly promoted” the digital assets in order to inflate their prices.
Estimated reading time: 0 minutes, 24 seconds
Sotheby’s, Celebrities Facing Class Action Suit After NFT Market Dive
A cohort of investors is suing Sotheby’s Holdings Inc., among others, in the wake of a 2021 auction of Bored Ape Yacht Club NFTs. So reports CNN.
Most Read
-
-
Apr 27 2019
-
Written by FinTech News Brief Staff
The Securities and Exchange Commission announced the concept of digital…
-
-
-
Jan 09 2019
-
Written by FinTech News Brief Staff
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
-
-
-
Sep 21 2018
-
Written by Jacob Roberts
Online software vendor Kashoo is forming focus group to react…
-
-
-
Sep 03 2020
-
Written by FinTech News Brief Staff
The IRS issued new guidance indicating cryptocurrency earned from crowdsourcing-based…
-