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Bieber, Madonna Among Dozens of Celebs Named in Lawsuit Alleging Yuga Labs NFT 'Scheme'

The suit claims celebrity endorsements of Bored Ape Yacht Club NFTs and ApeCoin tokens resulted in financial loss for investors. Yuga Labs called the allegations "opportunistic and parasitic."

Bored Ape Yacht Club NFT image (Yuga Labs, modified by CoinDesk))
Bored Ape Yacht Club NFT image (Yuga Labs, modified by CoinDesk))