Iggy Azalea Faces Class Action Lawsuit Over MOTHER Token
BeInCrypto
Iggy Azalea is being sued in a class action lawsuit for allegedly misleading investors regarding the utility of her MOTHER meme coin.Summary
A class action lawsuit has been filed against rapper Iggy Azalea in the Southern District of New York. The suit alleges that Azalea misled buyers of her MOTHER meme coin by promising real-world utility within her business ecosystem, including an online casino and a mobile service, which failed to materialize. With the token losing over 99.5% of its peak value, the plaintiffs are seeking legal recourse under consumer protection laws, specifically targeting false advertising and deceptive business practices.
(Source：BeInCrypto)