Yuga Labs is among dozens of defendants facing a proposed class action that alleges the blockchain start-up conspired to leverage a vast network of A-list celebrities to misleadingly promote and sell at artificially inflated prices Yuga’s NFTs.
Embattled FTX founder Sam Bankman-Fried and a who’s who of sports stars and celebrity promoters face a proposed class action that alleges the now-bankrupt cryptocurrency exchange was no more than a fraudulent scheme.
A proposed class action lawsuit accuses Elon Musk and his companies SpaceX and Tesla of operating a pyramid scheme by way of their involvement with the Dogecoin cryptocurrency.
A new proposed class action outlines an alleged scheme in which a number of celebrities were recruited to misleadingly promote and sell SafeMoon tokens to unsuspecting cryptocurrency investors while several individuals behind the scenes turned a profit.
A proposed class action alleges Coinbase’s email and web advertisements for a $1.2 million Dogecoin sweepstakes held earlier this month were false and misleading.