Yuga Labs claims to influence crypto to deliver their crypts after judicial ruling for USD $ 9m

According to the lawyers of Yuga Labs, Pauly0x looked through the sale of counterfeit copies of the BORED APE YACHT CLUBand hides its crypto holdings so as not to pay the millionaire fine imposed by the court.

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• Yuga Labs accuses the Pauly0x influencer of avoiding the payment of a sentence for USD $ 9 million.
  
• The influencer transferred BTC, ETH and PEPE to four wallets after the failure.
  
• They request that the Marshals confiscate the private keys of their digital assets.

The creative company of Bored Ape Yacht Club (Bayc), Yuga Labs, It is found in a legal battle with the controversial influencer Jeremy Cahen, known in networks such as Pauly0x, for the breach of a judicial sentence that forces you to pay USD $ 9 million.

Avoiding the sentence

The conflict arises following a demand that Yuga Labs He won in February 2024, in which Cahen was found guilty of illicit enrichment after selling NFT FALSIFIED OF THE POPULAR PROJECT Bayc. Since then, the company states that the defendant has made “A mockery of the judicial ruling” By evading payment and hiding their digital assets, reports the medium Protos.

According to documents presented by the lawyers of Yuga Labs In a California court, Cahen would have moved approximately USD $ 400,000 in cryptocurrencies – including BTC, ETH and PEPE—A four different wallets. The company argues that these actions were part of a premeditated strategy to prevent their funds from being frozen or confiscated.

An example of this behavior is the transfer of Eth From an account in Gemini Towards a personal wallet just one day after being notified with an embargo order. Yuga Labs states that this transfer, for USD $ 260,000, occurred before the exchange could intervene, demonstrating “A maneuver calculated to hide its assets of judicial compliance”.

Consequently, lawyers asked the court to issue a “Balance Order”measure that would force Cahen to deliver the private keys of their wallets to the US Marshals, who would be in charge of executing the transfer of the funds.

Challenging behavior and provocative attitude

While the judicial case continues its course, Cahen has demonstrated a challenging attitude on social networks. According to Yuga Labs, The influencer has publicly boasted to have bought multiple tickets for matches of the The clippers, instead of complying with the sentence.

Despite not having formally appealed or deposited a bond that would allow it to temporarily suspend the order, Cahen insists that he is not obliged to collaborate with the Court until his appeal is resolved. This argument has been qualified by the lawyers of Yuga Labs as “Dilatory tactics” And one more attempt to avoid his obligations.

Jeremy Cahen’s history adds an additional layer of controversy to the case. In addition to being involved in several projects crypto of doubtful reputation – such as the fork of Pepe called “PORK” And a copy of UNISWAP called “Pondox” –Cahen appears on the list of the most wanted 10 of Puerto Rico for positions of aggression.

His accounts in X were suspended in 2024, which led him to lose his main communication channel with a community that used to follow him for his provocative tone and speculative bets in the ecosystem DEFI.

Implications for the ecosystem NFT

This case represents a milestone in the application of judicial sentences within the crypto ecosystem. If the court approves the order of delivery of keys, a precedent will lay on how digital assets can be executed judicially, despite their decentralized nature and alleged immunity against traditional regulators.

Yuga Labs It has been emphatic in its intention to legally persecute those who use their intellectual property without authorization, and in particular those who do it for profit, as was the case with the imitations of Bayc sold by Cahen.

For now, the decision is in the hands of the Court, which must determine whether it is necessary to force Cahen to deliver access to their cryptoactives to comply with the sentence.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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