Bitcoin?

racecar

Iori's Therapist
20 Year Member
Joined
Sep 22, 2004
Posts
4,181
looks like the USA is ready to take steps to stop spread of the crypto mess that’s spreading into banks and financial markets, Do kwon is picked up in Montenegro . Sec starting to put some legal pressure on binance and coinbase .
 

GhostSeed

Angel's Love Slave
10 Year Member
Joined
Jun 19, 2012
Posts
914

https://www.cnn.com/style/article/bored-apes-sothebys-lawsuit/index.html

‘Bored Apes’ investors sue Sotheby’s, Paris Hilton and others as NFT prices collapse​

CNN —
A group of investors is suing Sotheby’s Holdings Inc. and others over a 2021 auction and promotion of Bored Ape Yacht Club non-fungible tokens (NFTs) following a collapse in prices for the celebrity-endorsed collectibles.

The four named plaintiffs in the class action lawsuit allege that the auction house “misleadingly promoted” the NFTs and colluded with creator Yuga Labs to artificially inflate their prices.

Sotheby’s is among 30 defendants named in the lawsuit, with celebrities like Justin Bieber and Paris Hilton also accused of promoting the NFT collection without disclosing their financial links to it.

According to cryptocurrency market tracker CoinGecko, the colorful digital illustrations of apes can now be bought for as little as $52,445. As recently as May 2022, the cheapest would have cost collectors over $400,000.

In September 2021, Sotheby’s sold over 100 of the NFTs to a single buyer in an online auction for more than $24 million, beating the pre-sale estimate of $12 million to $18 million.

The amended lawsuit, which was originally filed in December without naming Sotheby’s as a defendant, claims the sale was “deceptive” and that the auction house had been hired by blockchain company Yuga Labs to “generate investors’ interest and hype around the Bored Ape brand.”
 

basic

back to basics
15 Year Member
Joined
Jun 2, 2006
Posts
4,964

https://www.cnn.com/style/article/bored-apes-sothebys-lawsuit/index.html

‘Bored Apes’ investors sue Sotheby’s, Paris Hilton and others as NFT prices collapse​

CNN —
A group of investors is suing Sotheby’s Holdings Inc. and others over a 2021 auction and promotion of Bored Ape Yacht Club non-fungible tokens (NFTs) following a collapse in prices for the celebrity-endorsed collectibles.

The four named plaintiffs in the class action lawsuit allege that the auction house “misleadingly promoted” the NFTs and colluded with creator Yuga Labs to artificially inflate their prices.

Sotheby’s is among 30 defendants named in the lawsuit, with celebrities like Justin Bieber and Paris Hilton also accused of promoting the NFT collection without disclosing their financial links to it.

According to cryptocurrency market tracker CoinGecko, the colorful digital illustrations of apes can now be bought for as little as $52,445. As recently as May 2022, the cheapest would have cost collectors over $400,000.

In September 2021, Sotheby’s sold over 100 of the NFTs to a single buyer in an online auction for more than $24 million, beating the pre-sale estimate of $12 million to $18 million.

The amended lawsuit, which was originally filed in December without naming Sotheby’s as a defendant, claims the sale was “deceptive” and that the auction house had been hired by blockchain company Yuga Labs to “generate investors’ interest and hype around the Bored Ape brand.”
sounds like a butthurt retard
 

BIG BEAR

SHOCKbox Developer,
20 Year Member
Joined
Dec 14, 2001
Posts
8,258
Me believes this is a good case and the buyer was deceived based on rep of all parties involved.
BB
 

Dr Shroom

made it in japan
15 Year Member
Joined
Dec 19, 2005
Posts
23,436

https://www.cnn.com/style/article/bored-apes-sothebys-lawsuit/index.html

‘Bored Apes’ investors sue Sotheby’s, Paris Hilton and others as NFT prices collapse​

CNN —
A group of investors is suing Sotheby’s Holdings Inc. and others over a 2021 auction and promotion of Bored Ape Yacht Club non-fungible tokens (NFTs) following a collapse in prices for the celebrity-endorsed collectibles.

The four named plaintiffs in the class action lawsuit allege that the auction house “misleadingly promoted” the NFTs and colluded with creator Yuga Labs to artificially inflate their prices.

Sotheby’s is among 30 defendants named in the lawsuit, with celebrities like Justin Bieber and Paris Hilton also accused of promoting the NFT collection without disclosing their financial links to it.

According to cryptocurrency market tracker CoinGecko, the colorful digital illustrations of apes can now be bought for as little as $52,445. As recently as May 2022, the cheapest would have cost collectors over $400,000.

In September 2021, Sotheby’s sold over 100 of the NFTs to a single buyer in an online auction for more than $24 million, beating the pre-sale estimate of $12 million to $18 million.

The amended lawsuit, which was originally filed in December without naming Sotheby’s as a defendant, claims the sale was “deceptive” and that the auction house had been hired by blockchain company Yuga Labs to “generate investors’ interest and hype around the Bored Ape brand.”
it was always just nothing more than a ponzi scheme and a fad. good ridddance to bad trash.
 

NeoSneth

Ned's Ninja Academy Dropout
20 Year Member
Joined
Oct 22, 2000
Posts
11,160
I've seen several lawsuits after an investment goes south. Mostly in the IPO space. Does anything ever come from them?
 

Xavier

Slugmariner Captain
20 Year Member
Joined
Apr 25, 2002
Posts
5,221
it was always just nothing more than a ponzi scheme and a fad. good ridddance to bad trash.
People are still buying them.
Trump sold a card collection for 4.6M in April.

Monthly sales this year so for are anywhere from 1B+/~650m.
 

smokey

massive ding dong
20 Year Member
Joined
Mar 14, 2001
Posts
1,873
Welp, this week I just lost 50k on a meme coin. Feel a bit numb. Logged out of everything.

FUCK YOU ALL TO HELL!!!
Which one? Why would you put that much cash on meme?
 

racecar

Iori's Therapist
20 Year Member
Joined
Sep 22, 2004
Posts
4,181
Welp, this week I just lost 50k on a meme coin. Feel a bit numb. Logged out of everything.

FUCK YOU ALL TO HELL!!!
Rug pulled ? Damn. I remember you saying you going to go into bitcoin a few years back when this thread started I guess you decided to walk around the casino to the Alt coins, it’s like a spin on the roulettes and so many new one and so many rug pulls ymmv. Gold it making a new atH . Or just put 50k on Altria(MO) And you should recovered in Less the 10years < .
 
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