June 7, 2023

Investors file lawsuit against Paris Hilton and Justin Bieber for promoting NFT BAYC

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Investors file lawsuit against Paris Hilton and Justin Bieber for promoting NFT BAYC

The lawsuit, filed in a California state court, lists several celebrities as defendants, as well as Universal Television, Adidas and MoonPay.

Persons called to account by the offendedInvestors: actress Gwyneth Paltrow, singer Justin Bieber, tennis player Serena Williams, comedian and TV presenter Jimmy Fallon, film actress Paris Hilton, singer Madonna, stand-up comedian Kevin Hart and graphic designer Mike Winkelmann.

The plaintiffs allege that all these pop stars andcinema fraudulently promoted non-fungible tokens from the collection of Bored Ape Yacht Club (BAYC), artificially increasing public interest in them. As evidence, there are many tweets where celebrities proudly call themselves the owners of these collectible tokens.

Class action lawsuit mentions interview with JimmyFallon with Paris Hilton on the Tonight Show, which has over 500,000 views on YouTube. Viewers may have been under the impression that Hilton was inspired by the BAYC NFT purchase, even though it was an advertisement for the BAYC NFT collection and cryptocurrency payment company MoonPay, the plaintiffs allege.

Justin Bieber, plaintiffs say, is to blame for advertising“bored monkeys” among his followers on Instagram, one of which the singer bought for $1.31 million. In November, amid the fall of the cryptocurrency market, the value of this token collapsed by 95%.

Token development company Yuga Labs has already denied all these allegations, calling them groundless.

The lawsuit was filed with the participation of a law firmScott+Scott. EthereumMax investors also resorted to her services, bringing similar accusations against American model Kim Kardashian and boxer Floyd Mayweather. However, last week the court rejected a class action lawsuit against the Kardashians and Mayweather.