Sotheby's becomes defendant in Bored Apes-MoonPay lawsuit as confidential witness added

In an update to an ongoing class action lawsuit alleging crypto payments firm MoonPay conspired with Bored Ape Yacht Club creator Yuga Labs and several celebrities to inflate the value of NFTs, the complaint has been amended to include the account of a confidential witness.

Auction house Sotheby's was also added to the list of high-profile defendants.

According to the newly updated complaint filed last week, the lawsuit now cites a “confidential witness” it said worked in MoonPay’s compliance department. The witness alleges that after seeing “public reports that celebrities were being investigated and sued for unlawfully promoting the sale of crypto assets” they grew suspicious of MoonPay’s activities.