The court increased the fine for Ryder Ripps and Jeremy Cohen for faking "bored monkeys"
A federal court has ordered artists Ryder Ripps and Jeremy Caen to pay Yuga Labs $9 million for creating an alternative collection of Bored Ape Yacht Club (BAYC) tokens and copyright infringement.
According to the court's ruling, artists Ryder Ripps and Jeremy Cahen are now required to pay a larger compensation to Yuga Labs, the company that created the BAYC collection. The court rejected the counterclaims of Ripps and Kaen, who want to achieve victory in this high-profile copyright case.
In May 2022, after the launch of the Ryder Ripps BAYC (RR/BAYC) collection, Yuga Labs sued the young people for copyright infringement. In February 2023, the company won the case.
Initially, the court ordered Ripps and Kaen to pay Yuga Labs $1.57 million for counterfeiting the collection of "bored monkeys". However, now the court has greatly tightened the fine, raising it to $9 million. This amount includes damages, court costs, as well as expenses related to the payment of expert witnesses.
The court also ordered the artists to either destroy all the RR/BAYC tokens they created, or transfer them to Yuga Labs for disposal. The court's ruling applies to all materials infringing on the copyrights of Yuga Labs, including marketing materials and advertisements with the BAYC mark.
In addition, the defendants must give up all social media accounts and smart contracts associated with the RR/BAYC collection. Cohen intends to appeal this decision to the Ninth District Court of California.
