Yuga Labs wants Pauly0x’s $400K worth of crypto seized
Yuga Labs, the firm behind the Bored Ape Yacht Club (BAYC), is chasing down the crypto assets of Jermey Cahen, aka Pauly0x, while claiming that the disgraced crypto influencer is deliberately avoiding a $9 million judgment against him. The firm claims that Cahen is employing “dilatory tactics” and has tried to “sidestep his financial responsibilities” by moving bitcoin (BTC), ether (ETH), and pepecoin (PEPE), together worth almost $400,000, into four separate wallets. Attorneys for Yuga Labs requested that a California court issue a “Turnover Order.” This, if granted, requires Cahen to hand over the keys to these wallets to the US Marshals Service so that his funds can be transferred and fulfill the court judgment that was decided in February 2024. Cahen was found liable for disgorgement of profits in relation to a series of copycat BAYC NFTs that he sold. However, Yuga Labs says Cahen made “ a mockery of this court’s final judgement ” by refusing to pay the h...