According to information reported by Bloomberg, the US Securities and Exchange Commission has launched an investigation against Yuga Labs, the developer of Bored Ape Yacht Club NFTs.
According to the allegations that came to the agenda today, the SEC has confirmed that some of the sales transactions made by the company about Yuga Labs. may be in violation of federal law launched an investigation.
SEC, some assets put up for sale by Yuga Labs as it can be evaluated in the status of a share certificate. suspects and these sales transactions whether it is done in accordance with the law examining.
As part of its investigation into Yuga Labs, the SEC is also investigating ApeCoin, which is linked to the Bored Ape Yacht Club collection.
Yuga Labs, one of the giants of the NFT world, is today Bored Ape Yacht Club, CryptoPunks and meebites manages the collections.
No official statement has yet been made regarding the status of the investigation. However, according to CoinGecko data, ApeCoin has been used in the last 24 hours. It lost more than 8% of its value.