Per the Class Action Lawsuit via Scribd
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.
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