Investigation Notice: Scott+Scott Attorneys at Law LLP sued Yuga Labs, Inc. the study announced.


NEW YORK–(BUSINESS WIRE)–Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights law firm, is investigating whether Era Labs, Inc. (“Era” or the “Company”) or certain of its officers, directors, promoters and corporate insiders have violated federal securities laws. Kennel Club Non-Fungible Tokens, AppCoin Tokens or Virtual Land) and your Yuga investments have incurred losses, You are encouraged to contact Scott+Scott attorney Shawn Mason at (212) 519-5522 or [email protected],

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Era Labs Inc. (“Era”) sells a range of digital assets, including the AppCoin token, virtual land in its metaverse, and various collections of non-fungible tokens (“NFTs”). Yuga’s flagship product is the Bored Ape Yacht Club collection of NFTs.

On April 20, 2021, Yug created the Bored Ape Yacht Club NFT collection, numbering 10,000 in total. As the name suggests, the NFT contains a digital image of a cartoon monkey with a bored facial expression. Yuga’s promotional efforts related to the bored monkey hunting club and its ecosystem have been able to generate hundreds of millions of dollars for Yuga and company insiders through the sale and resale of Yuga NFTs.

On March 17, 2022, Epoch issued ApeCoin tokens in a public offering, with approximately 32% of the total supply, to founders, executives, and other insiders.

On April 30, 2022, Yuga launched a virtual land sale related to its Metaverse project, offering 55,000 parcels of virtual land and raising approximately $320 million in cryptocurrency. As Bloomberg noted in an article titled “Bore App Metaverse Frenzy Raises Millions, Crashes Ethereum,” this virtual land sale was “the largest offering of its kind.”

On October 11, 2022, Bloomberg published an article titled “Bore App Maker Yuga Labs Facing SEC Investigation Over Unlisted Offerings,” reporting that the Securities and Exchange Commission has launched an investigation into Yuga’s sale of digital assets and unregistered securities Was.

Since the launch of Yuga Securities, their price has dropped sharply due to the large trading volumes.

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If you have purchased Bored Ape Yacht Club, Mutant Ape Yacht Club or Bored Ape Kennel Club non-fungible tokens, Apcoin tokens or virtual land in the Era Metaverse and you have incurred a loss, realized or not, and you wish to discuss research, Contact attorney Sean Mason at (212) 519-5522 or [email protected],

About Scott+Scott Attorneys LLP

Scott+Scott has significant experience litigating major cryptocurrency, securities, antitrust and employee pension plans in the United States. The firm represents pension funds, foundations, individuals and other entities around the world with offices in New York, London, Connecticut, California and Ohio.

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