Scott+Scott in the United States officially sued Yuga Labs and Moonpay

ChainCatcher News, the law firm Scott+Scott Attorneys at Law LLP (Scott+Scott) in California has filed a class action lawsuit against companies such as Yuga Labs and MoonPay, as well as nearly 40 individuals, claiming they misled consumers through celebrity endorsements to promote and sell their NFT products.

The firm alleges that MoonPay paid celebrities without disclosing this to investors, leveraging the celebrity effect to inflate the prices of BAYC NFTs, which led investors to purchase these products at inflated prices, resulting in losses. (The Block)