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Puck welcomes John Heilemann as its Chief Political Columnist!

Kim K & a $4.5B Heist: 10 Great Crypto Legal Dramas

Kim Kardashian
A new lawsuit alleges Kim K and other celebs helped artificially inflate the price of EMAX tokens. Photo: Gotham/GC Images
Eriq Gardner
August 22, 2022

It’s hard to top the recent legal drama between Bored Ape Yacht Club’s allegedly Nazi-sympathizing founders and the conceptual artist selling copycat apes to undercut their NFT empire. But as I teased last week, there are a growing number of remarkable crypto cases that are a must-watch for anyone interested in the industry, from Wall Street to Hollywood. Below, you’ll find the ten that I find most exciting and am now closely tracking. 

Let me state at the outset that I’ve never owned any crypto assets or digital art on the blockchain, and I’ll readily admit I’ve never participated in a DAO (unlike my partner Baratunde Thurston, who tried to buy a piece of the U.S. Constitution). Nor am I entirely convinced of the value of decentralized finance, or DeFi—at least from an investment standpoint. What appears to some crypto fans as a long overdue effort to reclaim power from Wall Street banks and the Federal Reserve seems to me to be an enterprise transferring power to the techno-elite. And I’m not sure I trust Tyler and Cameron Winklevoss more than Jamie Dimon.