The creator of the popular Bored Ape Yacht Club non-fungible tokens has sued an artist in Los Angeles federal court, accusing him of selling copycats that are confusing potential buyers. Yuga Labs Inc said in the Friday lawsuit that Ryder Ripps is purposely causing consumer confusion under the guise of satire and reaping millions in “ill-gotten profit” while “celebrating the harm he causes.”
Source: Bored Ape NFT maker Yuga Labs sues artist, claiming he copied tokens