• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Meta Eagle Club Investors Accuse Gallery and Artist of Fraud

user avatar

by Giorgi Kostiuk

a year ago


A group of investors has filed a lawsuit against Eden Gallery and artist Gal Yosef, accusing them of not fulfilling promises related to the Meta Eagle Club in the metaverse.

Details of the Lawsuit

36 NFT holders have filed a lawsuit in a New York federal court against Eden Gallery and artist Gal Yosef, claiming the Meta Eagle Club project was a scam. They allege that nothing substantial was done to build the Meta Eagle Club despite assurances from the project team.

Unmet Promises

NFT holders were promised entry into the Meta Eagle Club and various perks, such as attending gallery events and enjoying luxury travel experiences. However, plaintiffs claim only a few tickets and events were provided. In January 2023, a vote on Eden Gallery's Discord was held to reallocate the budget of remaining items due to an economic downturn.

Position of the Parties and Consequences

The plaintiffs accuse Eden Gallery and Gal Yosef of fraud and unjust enrichment. They seek damages decided by the court and legal proceedings. As of now, the gallery and artist have not responded to inquiries for comments.

The lawsuit against Meta Eagle Club highlights the complexities and risks of investing in NFTs, as courts continue to scrutinize unfulfilled promises and fraudulent schemes.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Investor Meetings During TOKEN2049: Web3 Network Unites at Sentosa

chest

19,000 Web3 investors and founders will gather for two exclusive events at Circolo House on September 30.

user avatarGiorgi Kostiuk

Investor Gatherings at TOKEN2049: Events by Circolo and fractl

chest

Circolo and fractl will hold two exclusive investor events at TOKEN2049 in Singapore on September 30.

user avatarGiorgi Kostiuk

Trump's Nominations and Board Changes: What Does It Mean?

chest

Nominations and legal challenges may alter the composition of the Fed, influencing economic policy. Key points discussed.

user avatarGiorgi Kostiuk

XRP ETF Inflows May Surprise After SEC Approval, Predicts John Deaton

chest

John Deaton believes XRP ETFs will attract significant inflows after SEC approval. The number of ETF applications continues to grow.

user avatarGiorgi Kostiuk

New Horizons in Luxury Travel Leveraging Bitcoin

chest

Bitcoin is reshaping luxury travel by allowing the use of digital assets for upscale experiences worldwide.

user avatarGiorgi Kostiuk

Bitcoin Approaches Critical $100,000 Support Amid Market Volatility

chest

Bitcoin is testing the $100,000 support level amid increased volatility, posing risks of further decline.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.