Molly White

Yuga's not buying that at all:

#YugaLabs #RyderRipps #BAYC #crypto

Mar 12, 2024 at 10:05pmWeb
Show threadMolly WhiteMar 12, 2024

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.

#YugaLabs #RyderRipps #BAYC #crypto

Show threadMolly WhiteMar 12, 2024

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.

#YugaLabs #RyderRipps #BAYC #crypto

Show threadMolly WhiteMar 12, 2024

Yuga filing: https://courtlistener.com/docket/63458882/467/yuga-labs-inc-v-ripps/
Defense response: https://courtlistener.com/docket/63458882/469/yuga-labs-inc-v-ripps/
Thread: https://www.mollywhite.net/micro/entry/202403121736

#YugaLabs #RyderRipps #BAYC #crypto

Show threadmonkee Mar 12, 2024
@molly0xfff Wait. People still buy NFTs?
Show threadbenMar 12, 2024
@monkee @molly0xfff this was my question too.
Show threadunlofl [Promoted Toot]Mar 12, 2024
@benjamineskola @monkee @molly0xfff It's no longer a "greater fool" scam, I think they're mostly being sold to lesser fools for tax reasons, to write off the loss.
Show threadAurora - NOW celestiallavendar@icedoatmilk@coffeeMar 12, 2024
@molly0xfff All the sudden I'm starting to like crypto more. Turns out it's hilarious all his finances are fully public for the court to point at. Although I imagine this isn't the type of block chain transparency the finance bros wanted.
Show threadLAURENMar 12, 2024
@molly0xfff oops