Bored Ape creators and other NFT projects investigated by SEC probe
Cointelegraph
Published Oct 11, 2022 09:21PM ET
Updated Oct 11, 2022 11:00PM ET
Sources say that the U.S. Securities and Exchange Commission (SEC) probe into Yuga Labs is actually part of a wider investigation into the nonfungible token (NFT) market, which already came to light in March.
On Oct. 11, a report from Bloomberg citing a source “familiar with the matter” said the SEC is investigating Yuga Labs over whether certain NFTs are “more akin to stocks” and whether the sales of certain digital assets violate federal laws.
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Written By: Cointelegraph
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