Jimmy Fallon is one of the famous people who is being sued for allegedly pushing Bored Ape Yacht Club NFTs without declaring his own financial position, and the crypto-catastrophe is far from done. According to RadarOnline.com, the legal drama involving Fallon and other celebrities caught his network’s interest after allegations that A-list celebrities sold the non-fungible tokens without disclosing their stake in the business that created them, Yuga Labs. The campaign persuaded investors to purchase BAYC NFTs.
According to a source, management at NBC Universal is closely scrutinizing Jimmy’s role in this matter.
In a statement, a Yuga Labs representative also addressed the situation. “These allegations, in our opinion, are parasitic and opportunistic. We firmly feel they are without validity, and we look forward to demonstrating this “The Hollywood Reporter was informed by the spokeswoman.
The celebrities are accused of committing fraud “by persuading potential retail investors that the price of these digital assets would grow,” according to the proposed class-action complaint. Instead, several of those assets saw a sharp decline in value recently. Along with Fallon’s production firm, Election Hot Dog, other famous people were named as defendants, including Madonna, Paris Hilton, Justin Bieber, Kevin Hart, Stephen Curry, Serena Williams, and others. According to the lawsuit, celebrity recruiter Guy Oseary used the cryptocurrency company MoonPay to pay for his services. – Steve Sijenyi