NFT Lawsuit Yuga Labs Seeks $400K

Yuga Labs Seeks $400K in Crypto from Influencer Jeremy Cahen

• Yuga Labs filed a turnover order to seize nearly $400,000 in Bitcoin, Ethereum, and PEPE from Jeremy Cahen.
• The court ruled that Cahen and Ryder Ripps infringed on Yuga Labs’ Bored Ape Yacht Club trademark.
• Cahen moved $396,946 in crypto to avoid asset seizure after a levy was served to Gemini.
• The court awarded Yuga Labs over $1.5 million in damages, later increased to nearly $9 million including fees.
• Cahen is wanted for aggravated assault in Puerto Rico and is on San Juan’s top 10 most wanted list.

Yuga Labs is actively pursuing the recovery of nearly $400,000 in crypto assets from influencer Jeremy Cahen following a court ruling on trademark infringement. Despite legal actions, Cahen has transferred significant funds to evade asset seizure.