Yuga Labs is looking to obtain a court order to seize possession of four crypto wallets from Jeremy Cahen, co-defendant in the Yuga v. Ryder Ripps case where Yuga won a nearly $9 million judgment.
Yuga has previously tried to collect the judgment via levies on Cahen’s various banks, as well as Robinhood, Gemini, Crypto.com, Coinbase, and Binance.
They claim that these four wallets contain almost $400,000 in crypto assets Cahen moved out of his Gemini account while Yuga was attempting to collect.
“This transfer occurred before Gemini froze his accounts, showing a deliberate and calculated move to shield his assets from the Final Judgment. Cahen’s actions here are not those of an individual passively awaiting the collection process but rather an intentional effort to evade payment at all costs.”
They also claim that “Cahen has made a mockery of this Court’s Final Judgement by refusing to pay any portion of the judgment or comply with any post-judgment discovery.” (Cahen has argued that he need not comply while an appeal is pending.)
Yuga argues, citing his various Twitter accounts, that Cahen “regularly flouts [sic] his supposed wealth by sitting courtside at Los Angeles Clippers games”.
It’s not clear when he made this tweet, though. In February he was listed among the 10 Most Wanted in Puerto Rico on assault charges, and so likely wasn’t attending many Clippers games. (He has since been removed from this list, though it’s unclear if the charges were resolved.)
