Judge Dismisses Yuga Labs Lawsuit, Rules BAYC NFTs Aren’t Securities - A federal judge has dismissed a high-profile lawsuit against Yuga Labs, the company behin... - https://cryptonews.com/news/judge-dismisses-yuga-labs-lawsuit-rules-bayc-nfts-arent-securities/ #altcoinnews #securities #yugalabs #nfts
#yugalabs — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #yugalabs, aggregated by home.social.
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Federal Judge Dismisses Yuga Labs Lawsuit: NFTs Not Securities
#Courtdismissal #investors #lawsuit #NFTs #YugaLabs
https://blazetrends.com/federal-judge-dismisses-yuga-labs-lawsuit-nfts-not-securities/?fsp_sid=138365 -
The #USCourt of #Appeals ruled that #NFTs qualify for #trademarkprotection under the #LanhamAct, sending the case between #YugaLabs and #RyderRipps back to a lower court for trial. Yuga Labs is entitled to trademark protections for its #BoredApe NFTs, but vacated the $9 million penalty and injunction against Ripps’ collection. https://www.theblock.co/post/364012/nfts-qualify-for-trademark-protection-ninth-circuit-rules-sending-yuga-labs-case-back-for-trial?eicker.news #tech #media #news
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Yuga Labs Bored Ape Yacht Club $9M Win Against Ryder Ripps Overturned, Must Better Prove Trademark Infringement - The creator of the Bored Ape Yacht Club non-fungible tokens (NFTs) needs to better prove ... - https://www.coindesk.com/policy/2025/07/24/yuga-labs-bored-ape-yacht-club-usd9m-win-against-ryder-ripps-overturned-must-better-prove-trademark-infringement #boredapes #yugalabs #policy #news #nft
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Appeals Court Overturns $9M Yuga Labs Victory Against Ryder Ripps in BAYC Case - The United States Court of Appeals for the Ninth Circuit has largely overturned a ... - https://cryptonews.com/news/appeals-court-overturns-9m-yuga-labs-victory-against-ryder-ripps-in-bayc-case/ #yugalabs #nftnews #nfts
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Bored Apes Creator Yuga Labs Moves to Sunset Apecoin DAO, Launch Apeco - Yuga Labs, creator of the Bored Ape Yacht Club, has proposed terminating the decen... - https://news.bitcoin.com/bored-apes-creator-yuga-labs-moves-to-sunset-apecoin-dao-launch-apeco/ #boredapeyachtclub(bayc) #yugalabs #news #nft
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Yuga Labs Proposes Scrapping ApeCoin DAO, Launching ApeCo - Yuga Labs CEO Greg Solano filed an Ape Improvement Proposal titled “Sunsetting the DAO an... - https://www.coindesk.com/markets/2025/06/06/yuga-labs-proposes-scrapping-apecoin-dao-launching-apeco #yugalabs #boredape #markets #trading #apecoin #market #daos #news
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Orange Cap Games Acquires Moonbirds NFT IP from Yuga Labs - Yuga Labs has sold the Moonbirds NFT collection to Orange Cap Games, transferring ... - https://cryptonews.com/news/orange-cap-games-acquires-moonbirds-nft-ip-from-yuga-labs/ #yugalabs #nftnews #web3
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Yuga Labs is looking to obtain a court order to seize possession of four crypto wallets from Jeremy Cahen, co-defendant in the Yuga v. Ryder Ripps case where Yuga won a nearly $9 million judgment.
Yuga has previously tried to collect the judgment via levies on Cahen’s various banks, as well as Robinhood, Gemini, Crypto.com, Coinbase, and Binance.
They claim that these four wallets contain almost $400,000 in crypto assets Cahen moved out of his Gemini account while Yuga was attempting to collect.
“This transfer occurred before Gemini froze his accounts, showing a deliberate and calculated move to shield his assets from the Final Judgment. Cahen’s actions here are not those of an individual passively awaiting the collection process but rather an intentional effort to evade payment at all costs.”
They also claim that “Cahen has made a mockery of this Court’s Final Judgement by refusing to pay any portion of the judgment or comply with any post-judgment discovery.” (Cahen has argued that he need not comply while an appeal is pending.)
Yuga argues, citing his various Twitter accounts, that Cahen “regularly flouts [sic] his supposed wealth by sitting courtside at Los Angeles Clippers games”.
It’s not clear when he made this tweet, though. In February he was listed among the 10 Most Wanted in Puerto Rico on assault charges, and so likely wasn’t attending many Clippers games. (He has since been removed from this list, though it’s unclear if the charges were resolved.)
https://www.courtlistener.com/docket/63458882/514/1/yuga-labs-inc-v-ripps/
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»#BoredApe Creator #YugaLabs Says #SEC Closing Investigation in 'Huge Win' for #NFTSector: #NFTs do not fall under existing securities regulations.« https://decrypt.co/308539/bored-ape-creator-yuga-labs-says-sec-closing-investigation-in-huge-win-for-nft-sector?eicker.news #tech #media
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Yuga Labs Announces Conclusion of SEC Investigation into the NFT Company - Yuga Labs, the NFT powerhouse behind Bored Ape Yacht Club, announced that the U.S. Securi... - https://cryptonews.com/news/yuga-labs-announces-conclusion-of-sec-investigation-into-the-nft-company/ #regulation #yugalabs #nftnews #nfts
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🔎 #YugaLabs SEC Soruşturmasını Suçlama Olmadan Kapattı
🔸 Yuga Labs, SEC’in soruşturmasını başarılı bir şekilde kapattı.
🔸 Bu gelişme, NFT’ler için hukuki netlik sağladı ve önemli bir zafer. -
Yuga Labs faces backlash over CryptoPunks IP sale rumors - A DAO proposal to transfer CryptoPunks IP to the community gains attenti... - https://cointelegraph.com/news/yuga-labs-faces-backlash-over-crypto-punks-ip-sale-r #cryptopunksipsale #cryptopunksmarket #nftcontroversy #nftcollection #pudgypenguins #nftcommunity #cryptopunks #daoproposal #nftrumors #yugalabs
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CryptoPunks NFT floor price spikes 13% on rumors of IP sale - Yuga Labs hasn’t confirmed or denied rumors that it is selling the IP ri... - https://cointelegraph.com/news/yuga-labs-cryptopunks-rise-13-percent-ip-transfer-rumors #boredapeyachtclub #cryptopunks #iptransfer #floorprice #kevinrose #yugalabs
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Yuga Labs Acquires Tech Team of Web3 Tokenization Firm Tokenproof - Yuga Labs, the blockchain giant behind the popular Bored Ape Yacht Club (BAYC) NF... - https://cryptonews.com/news/yuga-labs-acquires-tech-team-of-web3-tokenization-firm-tokenproof/ #adoption #yugalabs #nftnews #web3
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ApeCoin (APE) price jumps 100% on ApeChain launch - Apechain mainnet launch and LayerZero's integration translated to 100% p... - https://cointelegraph.com/news/apecoin-ape-price-jumps-100-apechain-launch #apecoinprice #altcoinwatch #apeprice #altcoins #yugalabs #apechain #apecoin #ape
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Yuga Labs CEO Taps Coinbase Strategy For ApeChain Products Launch - In a bold move signaling a new era for Yuga Labs, CEO Greg Solano announced the cr... - https://coingape.com/yuga-labs-ceo-taps-coinbase-strategy-for-apechain-products-launch/ #24/7cryptocurrencynews #coinbase #yugalabs
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Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs - Nicholas joins Meta as an executive mixed reality producer for entertain... - https://cointelegraph.com/news/former-bayc-creative-director-jeff-nicholas-joins-meta-reality-labs #boredapesyachtclub #realitylabs #metaverse #yugalabs #meta #nft
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Yuga Labs Co-Founder Unveils Key Projects Ahead For Bored Ape Franchise - Yuga Labs co-founder Greg Solana has broken the silence on what he is working on f... - https://coingape.com/yuga-labs-co-founder-unveils-key-projects-ahead-for-bored-ape-franchise/ #24/7cryptocurrencynews #boredape #yugalabs
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CryptoPunks Project Put on Hold by Yuga Labs Due to ‘Woke’ Community Outcry - Yuga Labs, the company behind of the iconic and influential NFT collection CryptoP... - https://cryptonews.com/news/cryptopunks-project-put-on-hold-by-yuga-labs-due-to-woke-community-outcry.htm #cryptopunks #yugalabs #nftnews #nfts
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Yuga Labs halts CryptoPunks project after 'woke' community backlash - A community member said that Yuga Labs killed CryptoPunks with the new S... - https://cointelegraph.com/news/yuga-labs-ceases-cryptopunks-updates-backlash #superpunkworld #cryptopunks #nftbacklash #gregsolano #blockchain #nfttrading #ninaabney #yugalabs #web3 #nft
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Yuga Labs announced a new commercial NFT venture. However, the works involved were already placed in the public domain.
https://www.plagiarismtoday.com/2024/05/07/yet-another-nft-copyright-failure/
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Yuga Labs and Moonbirds Introduce Enhanced NFT Holder Rights - Moonbirds NFT collection has announced significant changes to its copyright model. The co... - https://coingape.com/yuga-labs-and-moonbirds-introduce-enhanced-nft-holder-rights/ #24/7cryptocurrencynews #moonbirds #yugalabs #nftnews #nft
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Yuga Labs Announces Restructuring, Plans to Lay Off Staff - Yuga Labs, the creator of the Bored Ape Yacht Club NFTs, has declared a company re... - https://coingape.com/yuga-labs-announces-restructuring-plans-to-lay-off-staff/ #24/7cryptocurrencynews #apecoin(ape) #yugalabs #nft
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Rare Alien CryptoPunk NFT Sells For Record Breaking $12.38 Million ETH - NFT art collection, CryptoPunks, has sold another record-breaking piece entitled CryptoPu... - https://cryptonews.com/news/cryptopunks-sells-cryptopunk-635-nft-sells-for-12-38-million-on-ethereum-blockchain.htm #non-fungibletokens #ethereumnews #cryptopunks #yugalabs #nftnews
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Yuga Labs Sells IP Rights of Two NFT Games in Strategic Move – Here’s the Latest - Yuga Labs sold the IP rights of two of its games, Legends of the Mara and HV-MTL, ... - https://cryptonews.com/news/yuga-labs-sells-ip-rights-of-two-nft-games-in-strategic-move-heres-the-latest.htm #yugalabs #nftnews #bayc #nft
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Yuga Labs NFT Royalty Sent To FTX US Address, What Is Happening? - According to blockchain intelligence firms Arkham Intelligence and Breadcrumbs, Yuga Labs... - https://coingape.com/yuga-labs-nft-royalty-sent-to-ftx-us-address-what-is-happening/ #24/7cryptocurrencynews #yugalabs #bayc #ftx
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Yuga sued Ripps after he created an NFT project with BAYC images, which he says was an act of appropriation art to protest what he alleges are racist elements in the Bored Apes project. He views the ensuing trademark suit as an attempt to silence his speech.
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Ripps and his co-defendant have both expressed that they felt that my coverage of the case has been biased against them. After I replied to an email from him, Ripps agreed to an on-the-record interview.
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I spoke to Ryder Ripps, a defendant in the trademark lawsuit from Yuga Labs (Bored Apes) that I've been covering for quite some time now. He was recently ordered to pay $9 million — mostly in Yuga's attorney's fees — and is appealing the case.
https://www.citationneeded.news/yuga-labs-ryder-ripps-interview
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Yuga Labs Accuses Ryder Ripps of Destroying NFT Keys to Evade Court Order - Bored Ape Yacht Club creators, Yuga Labs, are accusing artist Ryder Ripps of contempt of ... - https://cryptonews.com/news/yuga-labs-accuses-ryder-ripps-of-destroying-nft-keys-to-evade-court-order.htm #boredapeyatchclub #yugalabs #nftnews #news #nft
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Yuga doesn't seem to buy that Ripps and Cahen can't afford the $120K, claiming that since the court order they've seen Cahen withdraw $30,000 from a crypto wallet he owns to an exchange, and drop $11,200 on an NFT.
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They've also asked the court to sanction both Ripps and his co-defendent Jeremy Cahen for not transferring $120,000 within two weeks, as stipulated. Counsel for Ripps and Cahen say the two are unable to pay, and that Yuga needs to obtain a writ of execution to enforce the judgment.
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Yuga's not buying that at all:
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Ripps claims he did this in order to "permanently ensure that [he] did not inadvertently engage in any activity on any cryptocurrency wallet that could be interpreted as violating the Court's earlier October 25, 2023 injunction."
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Yuga Labs has asked the court to sanction Ryder Ripps for destroying private keys to wallets containing RR/BAYC NFTs, despite knowing he would likely be subject to an injunction requiring him to transfer or burn the NFTs.
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So, altogether, Ripps owes:
$6,983,432.62 for Yuga's fees
$1,375,362.92 disgorgement
$317,295.04 for Yuga's costs
$200,000 damages
$120,000 for Yuga fees awarded earlier
$??? for expert witness costs
$??? for special master report= $8,996,090.58 and counting
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Background on the fee dispute: https://hachyderm.io/@molly0xfff/111446439615785626
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In the Yuga Labs v. Ryder Ripps lawsuit, Ripps was ordered to pay attorneys fees on top of the ~$1.6M in disgorgement & damages. Yuga said Ripps owed $7.9M in fees. Ripps said ~$455K would be reasonable.
A special master was appointed, who's just said he'll need to pay $7M. Oof.
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Yuga disputes his claims about what is "proportionate" or not, and disputes that attorneys' fees must be capped based on the monetary remedies.
They also — in so many words — state that the case was so costly thanks to Ripps’ continued obstruction, and that perhaps he should have considered that before behaving so poorly he saddled himself with the bill.
#crypto #cryptocurrency #BoredApes #NFTs #YugaLabs #RyderRipps
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He also points out that the requested fees are almost five times the amount he's been ordered to pay in disgorgement & damages, and claims he does not have the means to pay such a huge sum.
#crypto #cryptocurrency #BoredApes #NFTs #YugaLabs #RyderRipps
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Yuga claims that fees and costs were actually $13.2 million, but that they're only asking for $7.9 million.
Ripps argues this is still "grossly disproportionate", that Yuga made errors in its calculations, and that they charged for avoidable expenditures.
#crypto #cryptocurrency #BoredApes #NFTs #YugaLabs #RyderRipps
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He was also ordered to pay attorneys' fees because of his "obstructive and evasive" behavior and "disgraceful and slanderous statements" about Yuga, its founders, and its counsel.
https://storage.courtlistener.com/recap/gov.uscourts.cacd.855658/gov.uscourts.cacd.855658.431.0.pdf
#crypto #cryptocurrency #BoredApes #NFTs #YugaLabs #RyderRipps
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Background: Ripps created the "RR/BAYC" NFT project, which featured exact copies of the Bored Ape NFTs. He claimed this was protected artistic expression; the court disagreed and ordered him to forfeit $1.375 million in profits and pay $200,000 in damages.
#crypto #cryptocurrency #BoredApes #NFTs #YugaLabs #RyderRipps
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I predicted in my newsletter last week that Yuga Labs (Bored Apes company) and Ryder Ripps (loser of the trademark case) would have trouble agreeing on "reasonable attorneys' fees".
Ripps says ~$455,000 would be reasonable.
Yuga wants ~$7.9 million.https://newsletter.mollywhite.net/i/138735135/yuga-labs-and-ryder-ripps
#crypto #cryptocurrency #BoredApes #NFTs #YugaLabs #RyderRipps
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Ars Technica: Bored Ape creator says UV lights at ApeFest burned attendees’ eyes and skin https://arstechnica.com/?p=1982771 #Tech #arstechnica #IT #Technology #BoredApeYachtClub #photokeratitis #eyeburning #eyeinjury #boredape #yugalabs #Science #ApeFest #UVlight #Health #eye
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Bored Ape creator says UV lights at ApeFest burned attendees’ eyes and skin - Enlarge / People walk by a Bored Ape Yacht Club NFT billboard in Times ... - https://arstechnica.com/?p=1982771 #boredapeyachtclub #photokeratitis #eyeburning #eyeinjury #boredape #yugalabs #science #apefest #uvlight #health #eye
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Uh, move fast, break things?
Bored Ape NFT event leads to at least 15 attendees reporting severe eye burn
Organizer Yuga Labs is ‘aware of the eye-related issues’ and trying to ‘find the potential root causes.’
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Bored Apes #NFTs are almost worthless today. Yuga Labs’ #ApeCoin token is sinking too. #cryptocurrencies #yugalabs
https://www.news-cafe.eu/?go=news&n=12841 -
The first “Bored Ape” NFT game costs $2,300+ for three weeks of play - Enlarge
Owners of Yuga Labs' infamous "Bored Ape" non-fungibl... - https://arstechnica.com/?p=1911184 #gaming&culture #boredapes #yugalabs #gaming #bayc #nft
