Yuga Labs Demands Access to Jeremy Cahen’s Crypto Wallets in BAYC Lawsuit
In a surprise development, the copyright clash between Yuga Labs and the duo behind the Bored Ape Yacht Club-lookalike NFT series RR/BAYC, Ryder Ripps and Jeremy Cahen, will continue in the US District Court.
On April 21, Yuga Labs filed a motion in the federal court that demanded Cahen turn over control of four cryptocurrency wallets allegedly holding some $400,000 in assets. The request follows a February judgment that ordered Ripps and Cahen to pay nearly $9 million in damages, disgorgement, and legal fees for infringing on Yuga Labs’ trademarks and cybersquatting (the practice of registering a domain name with the intent to profit from another’s trademark or brand).
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