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Justin Bieber And Snoop Dogg Faces BAYC Lawsuit

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A class action lawsuit was filed against Yuga Labs, naming dozens of celebrities, including Madonna and Justin Bieber.

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Jimmy Fallon, Gwyneth Paltrow, Post Malone, and the Weeknd were among those who were sued in a class action suit. 

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They were accused of encouraging BAYC NFT fraud.

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These celebrities were also named in a class-action lawsuit against the creators of the BAYC NFTs.

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They were named promoters of the NFTs to increase their worth artificially.

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Rolling Stone has obtained a complaint that Yuga formed an entertainment manager partnership with Guy Oseary. 

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This was said to have helped them leverage their huge celebrity client base.

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At the beginning of the month, it had a market capitalization of US$ 11 billion.

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However, that had fallen to US 4.9 billion dollars as of Friday afternoon in Asia.

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