Yuga Labs requests court sanction on Ryder Ripps for destroying private keys in ‘bad faith’ | Headlines | News | CoinMarketCap

03/13/2024 10:56
Yuga Labs requests court sanction on Ryder Ripps for destroying private keys in ‘bad faith’ | Headlines | News | CoinMarketCap

In the latest of the Yuga Labs’ legal dispute against artist Ryder Ripps and his partner Jeremy Cahen, the NFT studio behind the popular Bored Ape …

In the latest of the Yuga Labs’ legal dispute against artist Ryder Ripps and his partner Jeremy Cahen, the NFT studio behind the popular Bored Ape Yacht Club (BAYC) NFT collection requested a U.S. court to sanction Ripps for allegedly destroying private keys for his wallets containing RR/BAYC NFTs deliberately to “thwart” the court injunction, according to a filing last week.

“Given Mr. Ripps’ bad-faith destruction of his private keys, misleading declaration, and continued misrepresentations to Yuga Labs and the Court, the Court should exercise its inherent power and hold Mr. Ripps in contempt,” Yuga Labs said in the filing.

In a response filed Monday, the defendants requested the court to reject Yuga Labs’ sanction request. The filing said that Ripps’ counsel had reached out to Yuga …

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