Man Who Paid $530K For ‘Pepe’ NFT Accuses Artist, Companies Of Violating UCL

Mealey's (March 14, 2022, 10:59 AM EDT) -- LOS ANGELES — A Las Vegas resident on March 12 filed a complaint in California federal court against an artist and two tech companies alleging that he lost more than $500,000 after winning at auction a non-fungible token (NFT) artwork featuring the well-known “Pepe” meme, which he alleges the defendants later distributed copies of for free in violation of California’s unfair competition law (UCL)....