Anonymous, an internet hacktivist group, released a Sept 26 video that addressed Yuga Labs’ blockchain-based social club Bored Ape Yacht Club (BAYC) and its NFT-driven social network Yuga Labs.
The group made a long list of allegations about Yuga Lab’s use of esoteric symbolsism in BAYC art. Anonymous believes this shows that the company supports controversial subjects like racism, Nazism, simianization and pedophilia.
Hacktivists claimed that after extensive research and interviews with key figures it could confirm that Yuga Labs and the Bored Ape Yacht Club were guilty of concealing these esoteric symbol in plain sight. This conclusion was openly opposed by both the project and company.
The group warned against reducing its accusations to “conspiracy theory” and said that those who do so are either “simply ignorant” or “not versed or worse at a financial conflicts of interest.”
“Anonymous is certain the Yuga Labs brand and the BAYC collection are infected not with one or two, but with dozens upon esoteric symbolsism and dog whistles reflecting Nazism. Siminization. Pedophilic support.”
Anonymous suggested that these art owners are also victims to Yuga Labs’ trolling by Bored Ape Yacht Club, and asked their owners to not speak out to protect their financial interests.
“Do your founders owe more to you than this?” Many people outside of the BAYC community continue muttering about how they were deceived in a way that is both unforgivable and unprecedented.
The group called on partners and investors as well as high-profile celebrities like Dez Bryant and Tom Brady, Andreessen Horowitz and Mark Cuban, Dez Brant, Tom Brady, Ben Simmons, Neymar Jr, Kevin Hart, Shaquille Oleal and big brands like Tiffany & Co to voice their concerns about Nazism and racism.
On Jun 24. Greg Solano, co-founder of Yuga Labs, denied similar claims against his firm in Medium Post. He stated:
“We have been the target of a disinformation campaign that accuses us — a group consisting of Jewish, Turkish and Pakistani friends — of being super secret Nazis.”
Solano stated that racism allegations against his diverse team were completely unfounded at the time.
Cointelegraph published a class-action lawsuit on July 25. It claimed that Yuga Labs had “inappropriately incited” the community to purchase Bored Ape Yacht Club non-fungible tokens, NFTs, and the project’s associated ApeCoin token (APE). According to the proposed class-action lawsuit, Yuga Labs used endorsements and celebrity promoters to “inflate” the APE token and BAYC NFTs.
Cointelegraph reached Yuga Labs but did not receive a response at the time of publication.
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