Soulja Boy, Lil Yachty, & More Face Lawsuit Over Cryptocurrency
February 25, 2022 4:21PM EST
Recently, Soulja Boy, Lil Yachty, and others were hit with a lawsuit over an alleged cryptocurrency scheme.
The lawsuit alleges that many celebrities were paid to promote the cryptocurrency, Safemoon, while these celebrities amongst others, who developed Safemoon, profited on the back end.
The lawsuit states, “On December 31, 2021, the price of the SafeMoon Token hit a low of $0.0000006521 per token, an over 80% drop from its height during the Class Period, which it has not been able to recover.”
The documents continued, “As of the filing of this Complaint, the trading volume for the SAFEMOON Token has plummeted to around only $60,000.”
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