- Specs News
- Posts
- 10/27/23: Bored Apes Win In Court 🐵🤬👶
10/27/23: Bored Apes Win In Court 🐵🤬👶
Top News

⌐◪-◪ → Big win for Yuga as they battle test their IP in court. While Pauly & Ryder were certain they’d win due to the “satirical” nature of their ripp-off (pun intended), the courts disagreed. Now they have to pay $1.4M in profits, $200k in damages, Yuga’s attorney fees, and handover keys to all smart contracts. For their sake, let’s hope they didn’t invest all their profits into NFTs at the peak.
⌐◪-◪ → While it’s easy to get angry at Kraken for divulging user data, this could theoretically happen to any centralized exchange. At a certain point, you can’t say no to the government. Fortunately, Kraken pushed back on behalf of user privacy and narrowed a much broader inquiry to only transactions > $200k between 2016-2020.
⌐◪-◪ → SBF spent most of his testimony shifting the blame to FTX’s legal counsel. Meanwhile, the former prosecutor for Bernie Madoff’s case says this is not a valid legal defense; it’s an excuse. Lucky for Sam, though, his disastrous testimony wasn’t heard by the jury as the judge sent them home (a rare occurrence). Ultimately, this case isn’t about crypto; it’s about fraud.

Peripheral Vision
⛓️ Crypto & DeFi
Mastercard ships first batch of custom-NFT debit card | CoinDesk
dYdX chain officially launches on mainnet | The Block
LayerZero skips over Lido Finance’s governance | Decrypt
Solana launches incubator to drive protocol adoption | The Block
Arbitrum’s Orbit is ready for mainnet deployment | The Defiant
Floki devs launching TokenFi today, focused on RWAs | CoinDesk
Bitboy declares himself the Sultan of Solana | @BenArmstrongsX
Phishing scammers clone Etherscan, it doesn’t work | Cointelegraph
🏦 Wallstreet & VC
Citadel Securities denies it triggered LUNA collapse | Blockworks
Goldman Sachs says ETH’s Dencun will lower gas costs | CoinDesk
Access Labs raises $1.2M for Solana monetization | CryptoSlate
Moonveil raises $5.4M to develop web3 games | The Block
🏛️ Legal & Regulatory
Senator asks DOJ to criminally charge Binance | @WatcherGuru
FTX has likely sold at least $59M so far | @lookonchain
Satoshi imposter wins appeal case for billions of Bitcoin | CoinDesk
SBF “not sure” who sent customer funds to Alameda | @WatcherGuru
SBF thought it was legal to take FTX customer funds | @WatcherGuru
🌎 Rest of the World
Bank of England gets 50,000 responses on digital pound | CoinDesk
Google searches for “Buy Bitcoin” surges 826% in UK | Cointelegraph
Taiwan officially proposes crypto bill | The Block
Zodia Markets wins virtual asset registration in Ireland | CoinDesk
Over 80 BTC companies make El Salvador HQ | @BitcoinMagazine
🖼️ NFTs & Metaverse
NFT trading volumes 3x from 3 weeks ago | @Tyler_Did_It
ThankYouX land solo exhibit at Sotheby’s LA | @Sothebys
VeeFriends partners with Chuck E. Cheese | @veefriends
Claynosaurz launches plushies, like Pudgy Penguins | @Claynosaurz

Spectacular Shoutout
Thanks for the shoutout, Drew!
If you guys need a short-form video editor, Drew is your guy!
👉 To get featured here → give us a shoutout on 𝕏!