Breaking: Court Axes Yuga Labs’ $9M NFT Win Against Ryder Ripps—Crypto Legal Drama Escalates

NFT giant Yuga Labs just got a brutal reality check—a federal court just overturned their $9 million victory against artist Ryder Ripps in a landmark copyright clash.

The ruling sends shockwaves through Web3's legal landscape, proving even crypto's golden child isn't immune to judicial pushback. Remember when bored apes were the ultimate flex? Now they're just another asset class getting schooled by old-school law.

Legal experts are calling this a watershed moment for NFT intellectual property battles. Meanwhile, degenerate traders are already pricing in the verdict's impact on Yuga's next token drop—because nothing screams 'fundamentals' like gambling on courtroom outcomes.

The US Ninth Circuit Court of Appeals has overturned Yuga Labs’ $9 million trademark infringement award against artist Ryder Ripps and Jeremy Cahen. The court ruled that Yuga had not proven consumer confusion over Ripps’ “Ryder Ripps Bored APE Yacht Club” NFTs allegedly mimicking Yuga’s Bored Ape Yacht Club collection. The lawsuit now returns to federal court for trial. However, the court affirmed that NFTs qualify as protectable goods under US trademark law, setting a key precedent.