Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Class-action allegations over celebrity NFT promotion
A class-action lawsuit alleged that MoonPay, Yuga Labs, and related parties artificially inflated the value of digital offerings through celebrity insiders who allegedly failed to disclose financial relationships. MoonPay said its relevant relationships had been disclosed and that it expected the case to be dismissed.
2021
Executive secondary share sale scrutiny
A reported $150 million secondary sale by MoonPay executives became controversial in later commentary because it occurred during the 2021 crypto boom, before the subsequent market downturn. The transaction itself was not identified as a regulatory finding of wrongdoing.