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Ryder Ripps Accused of Contempt of Court
Bored Ape Yacht Club creators, Yuga Labs, have accused artist Ryder Ripps of contempt of court in an ongoing legal battle. The accusations stem from Ripps’ alleged deliberate destruction of access to his wallets containing RR/BAYC NFTs to avoid complying with a court order.
Request for Sanctions Against Artist Ryder Ripps
In a recent filing in a California District Court, Yuga Labs has requested sanctions against Ripps for his actions. The company claims that Ripps’s actions were made in “bad faith” and aimed to thwart the court’s injunction.
Background of the Legal Battle
In April 2023, a judge ruled in favor of Yuga Labs in a claim against Ripps and Cahen for violating copyright laws by creating unauthorized versions of BAYC NFTs. This led to a court order for Ripps and Cahen to pay damages to Yuga Labs and comply with the injunction.
Despite the court’s rulings, Yuga Labs alleges that Ripps continued to mislead the court by destroying his private keys and failing to fully disclose all wallets containing RR/BAYC NFTs. This has raised concerns about the sincerity of Ripps’ compliance efforts.
Current Status of the Legal Battle
The legal battle between Yuga Labs and Ryder Ripps is ongoing, with both parties presenting their arguments before the Court. Yuga Labs is urging the Court to hold Ripps in contempt for his actions, while Ripps and his partner are defending their compliance efforts.
As the dispute over intellectual property rights related to NFTs continues, the outcome of the legal battle remains uncertain.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
