An art gallery was accused of selling over $13 million worth of non-fungible tokens showing anthropomorphized eagles in various outfits and costumes under the false pretense of providing access to a private club in the metaverse, according to a new investor lawsuit.
The proposed class of 36 plaintiffs says Eden Gallery Group Ltd., artist Gal Yosef, and others engaged in a “rug pull” by collecting millions from investors and doing nothing in return, according to the complaint filed Wednesday in the US District Court for the Southern District of New York.
“It is now clear that defendants made false and …
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October 10, 2024
Bitcoin slumps below $60,000 as the SEC takes aim again
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