Per the Class Action Lawsuit via Scribd
Justin Bieber, Jimmy Fallon, and Other Celebrities are Sued for Alleged Misleading of Followers Into Buying Bored Ape Yacht Club
12/13/2022
Shortly after the FTX crash, a class action lawsuit was filed against multiple celebrities for allegedly misleading their followers into buying the Bored Ape Yacht Club NFT and for pumping its value. The lawsuit demands a jury trial for the multiple actors named in the suit.
Jimmy Fallon and Justin Bieber were just among the few publicly promoting BAYC, an NFT project, on mainstream platforms and their personal social media. The SEC gave a previous statement about celebrities promoting crypto.
SEC: “These endorsements may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly or indirectly, by the company in exchange for the endorsement.”
The lawsuit names the following:
- Yuga Labs - creator of Bored Ape Yacht Club (BAYC)
- Wylie Aronow - Yuga Labs founder
- Kerem Atalay - Co-founder of Yuga Labs
- Zeshan Ali - Founder & CEO of TickLancer
- Nicole Muniz - Yuga Labs Leadership Teams
- Jasmin Shoemaker - COO of Yuga Labs
- Patrick Ehrlund - Chief Creative Officer of Yuga Labs
- Christopher Lyons - Board Member of Yuga Labs
- Alexis Ohanian - Co-founder and Executive Chairman of Reddit
- Amy Wu - FTX Ventures investor
- Maaria Bajwa - Sound Ventures Principal
- Dean Steinbeck - Co-founder and Managing Director of Horizon Labs Ventures
- Guy Oseary - Talent manager of artists including Madonna, U2, and RHCP
- Mike Winkelmann - NFT digital artist BEEPLE
- Madonna Louise Ciccone - Artist Madonna
- Paris Hilton - Artist
- Jimmy Fallon - Host of The Tonight Show Starring Jimmy Fallon
- Electric Hot Dog Inc. - Jimmy Fallon's production company
- Universal Television LLC - Company
- Justin Bieber - Artist
- Gwyneth Paltrow - Actress
- Serena Williams - American Tennis Player and the Women's Tennis Association's #1 in singles for 319 weeks
- Thomas Pentz - DJ Diplo
- Austin Richard Post - Artist Post Malone
- Calvin Broadus Jr. - Artist Snoop Dogg
- Kevin Hart - Comedian
- Alexander Pall - DJ/producer and member of The Chainsmokers
- Andrew Taggart - DJ/producer and member of The Chainsmokers
- Wardell Stephen Curry II - NBA Golden State Warriors basketball star Stephen Curry
- Nayvadius Wilburn Cash - Artist Future
- Abel Tesfaye - Artist The Weeknd
- Khaled Mohammed Khaled - DJ Khaled
- Adidas America Inc. - Company
- Adidas Venture B .V. - Company
- Ivan Soto-Wright - Co-founder and CEO of MoonPay
- MoonPay USA LLC - Company
Resources:
See flow at unusualwhales.com/flow.
DOJ is investigating into Coinbase, COIN, customer data theft
5/19/2025 10:40 PMTrump signs Take It Down Act, criminalizing deepfake and revenge porn
5/19/2025 10:36 PMMoody's: Fannie Mae downgraded to AA1, Outlook stable
5/19/2025 10:34 PMThe average 30-year mortgage rate is now above 7%
5/19/2025 10:29 PM
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.
+With Unusual Whales
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.