Theta Labs Sued Over Alleged NFT Market Manipulation and Controversial Celebrity Partnerships

Theta Labs is under legal fire as former executives accuse its CEO of NFT market manipulation, fake bids, and misleading celebrity partnerships, particularly involving pop star Katy Perry. Amid plummeting token values and regulatory scrutiny, this high-profile lawsuit highlights serious concerns over fraud, unregulated NFT markets, and the urgent need for transparency in the crypto industry.