Yuga Labs requests the court to sanction Ryder Ripps for the "malicious destruction" of private keys

2024-03-13 11:53:21
Collection

ChainCatcher news, according to The Block, Yuga Labs has requested that a U.S. court sanction Ripps on the grounds that Ripps allegedly destroyed the private keys of a wallet containing RR/BAYC NFTs to "obstruct" the court's injunction.

Yuga Labs stated in the filing: "In light of Mr. Ripps' malicious destruction of the private keys, provision of false statements, and ongoing misrepresentation to Yuga Labs and the court, the court should exercise its inherent power to sanction Mr. Ripps."

In a response submitted on Monday, the defendant requested that the court deny Yuga Labs' request for sanctions. The filing stated that Ripps' attorney had contacted Yuga Labs' attorney, contradicting the company's filing from last week. The document also claimed that Ripps fully complied with the injunction from October, except for the order related to the wallet he lost access to.

Previously, in news regarding the BAYC copycat RR/BAYC infringement lawsuit, U.S. District Judge John F. Walter ordered Ryder Ripps and Jeremy Cahen to pay Yuga Labs nearly $9 million in forfeited profits, fines, attorney fees, and other costs in the final judgment.

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