Yuga Labs NFT Royalty Sent To FTX US Address, What Is Happening?

by Spencer Haag

Based utterly on blockchain intelligence corporations Arkham Intelligence and Breadcrumbs, Yuga Labs, creators of the Bored Ape Yacht Membership (BAYC), has been transferring royalties to a pockets connected to FTX US, which is now bankrupt. For the last two months, Yuga Labs possess been flowing more than $250,000 price of sources to the pockets address 0xAAe7aC476b117bcCAfE2f05F582906be44bc8FF1 that has been linked to FTX US. These transfers are ongoing as FTX US goes through its monetary catastrophe segment after its topple in November 2022.

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