Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) NFT project and Otherside metaverse, has recently filed a lawsuit against Ryder Ripps.
Yuga Labs claims that Ryder Ripps has been defrauding buyers with falsely equivalent NFTs in a "deliberate effort to harm Yuga Labs at the expense of consumers."
(1/2) The outpouring of support from our community today has been overwhelming. We will continue to be transparent with our community as we fight these slanderous claims. In order to put a stop to the continuous infringement, and other illegal attempts to bring harm to...In the lawsuit, Ripps is referred to as "a self-proclaimed 'conceptual artist,'" and the creator of RR/BAYC, an Ethereum NFT collection that features BAYC images he did not purchase.— Yuga Labs (@yugalabs) June 25, 2022
Post allegations, NFT marketplace OpenSea, has removed Ripps' collection because of the claim of intellectual property infringement, but not before it saw nearly $3.5 million in total volume traded.
Also Read: How A Hacker Stole $360,000 Worth Of NFTs From Bored Ape Yacht Club's Discord Server
Ripps responded to the lawsuit on Twitter (NYSE:TWTR).
are they going to sue dame dash and ethan klein too?— RYDER-RIPPS.ETH