Nonfungible token (NFT) agency Yuga Labs has been awarded roughly $1.6 million in damages over a long-running lawsuit in opposition to NFT artists Ryder Ripps and Jeremy Cahen. Sam Bankman-Fried testified at his felony trial in New York on Oc.t 26. In the meantime, the SEC’s Gary Gensler revealed the extent of the regulator’s enforcement actions in opposition to the crypto sector.
Ryder Ripps ordered to pay Yuga Labs $1.6M in copyright lawsuit
A United States district courtroom decide has ordered nonfungible token (NFT) artists Ryder Ripps and Jeremy Cahen to pay Bored Ape Yacht Membership creator Yuga Labs a complete of $1.57 million in disgorgement and damages, together with authorized charges, bringing an finish to the long-running “copycat” NFT lawsuit.
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