BREAKING CRYPTO NEWS – BORED APE YACHT CLUB SUED IN CLASS ACTION LAWSUIT
The Bored Ape Yacht Club (BAYC) faces a class action lawsuit in THE CENTRAL DISTRICT OF CALIFORNIA over BAYC and Apecoin. The NFT (non-fungible token) platform was designed to appeal to artists who might not have otherwise been engaged in cryptocurrency. However, investors are now suing Yuga Labs and many entertainers who pumped the so-called asset. Allegations of selling an unregistered security, unfair competition, unjust enrichment, and other claims.