NFT Lawsuit Backfires: Ryder Ripps and Jeremy Cahen Face $9 Million Penalty and Asset Seizure from Yuga Labs
Los Angeles, CA – Ryder Ripps and Jeremy Cahen have been ordered by a U.S. District Judge to pay nearly $9 million to NFT company Yuga Labs. In a lawsuit filed by Ripps and Cahen, they were seeking a massive payout of $100 billion from the company. However, the final judgment ruled in favor of Yuga Labs, resulting in the substantial payment. The dispute between Yuga Labs and Ripps and Cahen stems from the creation of the “copycat” RR/BAYC collection. In October 2023, a federal judge ruled in favor of Yuga Labs, marking a significant … Read more