Cryptocurrency

"Bored-Ape Creator Yuga Labs Faces SEC Probe Over Unregistered Offerings"

2022-10-11 [vendor] Yuga Labs SEC investigation [chain] ethereum
Primary Source ↗
Blockchain(s) Ethereum

Incident Details

According to a scoop in Bloomberg, the United States Securities and Exchange Commission has been probing whether NFTs from Yuga Labs should be considered securities regulations, and may be in violation of federal law.Yuga Labs is the company behind the Bored Apes NFTs and spinoff projects (Mutant Apes, and Bored Ape Kennel Club), and in March also acquired the blue-chip NFT collections CryptoPunks and Meebits.A probe does not necessarily mean that Yuga has violated the law, but such an investigation could have major ramifications for the world of NFTs.

Technical Details

Initial Attack Vector
Regulatory / legal action
Vendor / Product
Yuga Labs SEC investigation

Timeline

  1. 2022-10-11 Breach occurred
  2. 2022-10-11 Publicly disclosed