Iggy Azalea Faces Class Action Over MOTHER Memecoin Claims After 99% Drop

Iggy Azalea Faces Lawsuit Over MOTHER Memecoin Claims

Iggy Azalea is being sued in a class action lawsuit in the US. Investors claim she misled them about her MOTHER token, a cryptocurrency built on Solana, by exaggerating its potential and future plans. They allege this influenced their decision to buy the token, which has since lost over 99% of its value. The lawsuit also questions whether undisclosed agreements with market makers played a role, and it underscores the growing regulatory focus on celebrity-promoted crypto projects and the need to protect investors.

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2026-05-06 10:21