NFT creator Yuga Labs investigated by SEC for these reasons – Katoch Tubes
Yuga Labs under the SEC Scanner
Yuga Labs under the SEC Scanner
About Yuga Labs
About Yuga Labs
Founded in Feb 2021 & based in US, Yuga Labs is the creator of famous NFT projects like Bored Ape Yacht Club that sold worth millions of dollars
The blockchain used
The blockchain used
The NFTs launched by Yuga
Labs are built on Ethereum blockchain and sold in
OpenSea marketplace.
What's the news?
What's the news?
Yuga Labs has been investigated by SEC over the sales of its digital assets considering whether or not it violated the federal law
More into Investigation
More into Investigation
SEC doubts that some of the NFTs sold are considered equivalent to stocks or a security.
If Yuga Labs pleads guilty?
If Yuga Labs pleads guilty?
If Yuga Labs NFTs were proved to be traded as stocks than it will come under purview of federal securities laws like Ripple XRP
Response from Yuga Labs
Response from Yuga Labs
Yuga has released a statement of full cooperation with the SEC and will also help them with the investigation.
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