Der NFT Irrsinn und Scam - MeTacheles #6

Der NFT Irrsinn und Scam - MeTacheles #6

Internet Scams Part 2: Crypto Cons (FTX, Bored Ape Yacht Club) | deep dive$

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.
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.
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
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