SEC starts a probe over Yuga labs to determine whether the NFT market is violating federal laws
A report from Bloomberg on October 11 aims towards the NFT market getting into trouble. It cites a familiar source, suggesting that the Bored Ape project and other NFTs might be looked over in assumptions of violating federal policies. Yuga labs, the creator of multiple NFT projects, says it looks at the brighter side of the whole scenario. The underlying investing is to check the possibility of illegal fundraising.