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Yuga Labs Faces Plenty of Problems As Lawsuits, Probes, and Hacks Mount

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Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) NFT collection, is struggling with an investigation by the Securities and Exchange Commission (SEC), a hack of its Mailchimp account, and a flurry of lawsuits flying back and forth.

On Wednesday, Yuga Labs warned that a massive data breach compromised its Mailchimp account containing customer data. An unauthorized party gained access.

Downplaying the leak’s severity, Yuga claimed that Mailchimp didn’t have proof that the attacker exported any data. Neither did anyone use the information to mint any NFTs, said Yuga. It warned users to avoid any unsolicited emails, surprise NFT mints, or DMs requesting sensitive information.

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