{"id":86288,"date":"2023-10-27T13:35:24","date_gmt":"2023-10-27T10:35:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86288"},"modified":"2025-09-13T04:35:29","modified_gmt":"2025-09-13T01:35:29","slug":"creators-of-counterfeit-bayc-tokens-to-pay-1-6m-to-yuga-labs","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/creators-of-counterfeit-bayc-tokens-to-pay-1-6m-to-yuga-labs\/","title":{"rendered":"Creators of counterfeit BAYC tokens to pay $1.6m to Yuga Labs."},"content":{"rendered":"

The U.S. District Court ordered<\/a> artist Ryder Ripps and the founder of the NFT<\/a>-marketplace Not Larva Labs, Jeremy Caen, to pay Yuga Labs approximately $1.575 million in compensation for creating counterfeit tokens BAYC<\/span>.<\/p>\n

In June 2022, the company behind RR\/BAYC accused Ripps and Caen of issuing and selling copied NFTs under the name RR\/BAYC, which ‘devalues’ the original works.<\/p>\n

In October, the defendants filed motions to dismiss Yuga Labs’ claims, but the court denied them.<\/p>\n

\n

‘This case is markedly different from most trademark-infringement cases, because the defendants use satire and parody to justify the use of BAYC marks without the company’s consent,’ the ruling states.<\/p>\n<\/blockquote>\n

The judge noted that the defendants ‘hindered and were evasive’ during testimony.<\/p>\n

Damages include $1.366 million in gross profits from sales and $117,309 in royalties.<\/p>\n

Offsets will be applied, as they must transfer the smart contract governing unminted NFTs worth $106,055. They will also have $108,037 forgiven due to payments to other business partners.<\/p>\n

Ripps and Caen will transfer control of affiliated web domains to Yuga Labs. In addition, both were barred from selling products under the Bored Ape brand.<\/p>\n

In January 2022, Ripps published an article<\/a> in which he described the BAYC collection as ‘racist’ and accused its creators of using Nazi symbolism. For instance, he noted that the line’s logo resembles a Death’s Head.<\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. district court ordered artist Ryder Ripps and Not Larva Labs founder Jeremy Caen to pay Yuga Labs approximately $1.575 million in compensation for creating counterfeit BAYC tokens.<\/p>\n","protected":false},"author":1,"featured_media":86289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1356,552,1162],"class_list":["post-86288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bored-ape-yacht-club","tag-copyright","tag-court-cases"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=86288"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86288\/revisions"}],"predecessor-version":[{"id":86290,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86288\/revisions\/86290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86289"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}