The judge made a ruling on the fake BAYC case: compensation of $9 million to BAYC
Ryder Ripps and Jeremy Cahen had their countersuit against Yuga Labs dismissed and were ordered to pay the digital collectibles company nearly $9 million in damages.

Ryder Ripps and Jeremy Cahen had their countersuit against Yuga Labs dismissed and were ordered to pay the digital collectibles company nearly $9 million in damages.
Following a security breach at NFT Trader, stolen BAYC and MAYC NFTs were quickly recovered, highlighting the need for improved security in the NFT space.
With the floor price of a staggering 153.7ETH at one point, BAYC has sunk to a 30ETH low. Many celebs, notably Justin Bieber, saw their once-highly priced token, take a nosedive as the NFT market is seemingly in a lull.
According to OKHotshot's investigation, the attack was carried out by hacking into the Discord account of Yuga Labs' community and social manager Boris Vagner.
According to OKHotshot’s investigations, the attack was conducted by hacking into the Discord account of Boris Vagner, community and social manager for Yuga Labs.
Research the world of BAYCs, find out what they are all about, and check out on-chain data to see if the hype is real.
The attack is the latest in a long line of exploits for fake “stealth” NFT airdrops targeting Discord users.
Will Web3’s billionaires be able to avoid public scrutiny under the cover of anonymity? With no clear answer, the community has slammed Buzzfeed for revealing the real identities of the two men behind the BAYC NFT collectible.
The hacker's initial post, which was published in the announcements channel, claimed that OpenSea had “partnered with YouTube to bring their community into the NFT Space."