• chicken@lemmy.dbzer0.com
    link
    fedilink
    English
    arrow-up
    53
    arrow-down
    1
    ·
    1 year ago

    The amended lawsuit alleges that “Yuga colluded with fine arts broker, Defendant Sotheby’s, to run a deceptive auction.” After the sale, a Sotheby’s representative described the winning bidder during a Twitter Spaces event as a “traditional” collector, the lawsuit said.

    The lawsuit said it turned out the auction buyer was now-bankrupt crypto exchange FTX, whose founder Sam Bankman-Fried is in jail awaiting trial on criminal charges.

    I don’t think it’s fair to pin this all on people who got duped. Calling FTX, a company now known for throwing around large sums of stolen money to pump up the brand, bribe government officials, and fix prices, a “traditional collector”, is beyond misleading.

    • AfricanExpansionist@lemmy.ml
      link
      fedilink
      English
      arrow-up
      15
      ·
      1 year ago

      Yeah fuck these stupid NFT scams but fuck FTX more. They knew what they were doing. They also are alleged to have been behind the giant Bitcoin price pump of 2021