A group of NFT investors is preparing to sue due to the depreciation of NFTs issued by famous names.

The NFT frenzy, which raged for a period, shakes the agenda with lawsuits filed against famous names. Many popular names at the time had huge revenues by launching their own NFTs. However, it is known that the NFT sector and cryptocurrencies cause incredible losses for investors as they progress by losing value. Frustrated NFT investors, on the other hand, have resorted to legal action to cover their losses.
An NFT community is preparing to sue over the price drop of celebrity-approved collectibles. The four plaintiffs named in the class action describe the NFTs in question as “fantasy.” It is stated that there are 30 defendants among the information about the case.
The lawsuit, which includes celebrities such as Justin Bieber and Paris Hilton, is generally described as profiting from false interest. The plaintiffs' legal team states that they are busy working on the related complaints. Popular names such as Justin Sun and Paris Hilton, who are the subject of the lawsuit, remain silent.
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