Lawyers in the virtual currency industry are staring at an avalanche of lawsuits following the events of the last week. Yuga Labs, creators of the Bored Ape Yacht Club (BAYC) are facing a class action lawsuit from disgruntled BAYC investors over allegations of fraudulently promoting” the NFT collection and its native token. Binance founder Changpeng Zhao has headed to court on grounds of a defamatory article published by a Bloomberg subsidiary in Hong Kong. Zhao’s lawyers stated in the filing that the publication made false claims that Binance’s CEO was running a Ponzi scheme and had ties with money laundering....