Sotheby’s Added as Defendant in Investors’ Lawsuit Over BAYC NFTs

Sotheby’s has been included as a defendant in a lawsuit filed by investors against Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) NFT collection. The lawsuit accuses Sotheby’s of misleadingly promoting the NFTs and manipulating the collection. Sotheby’s has denied the allegations, emphasizing its commitment to transparency and integrity. The outcome of the lawsuit could have significant implications for both Sotheby’s and the broader NFT market.

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