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Legal expert: Memes takeover team may face legal risks
On September 9th, according to Decrypt, most of the memes in 2024 will be driven by the community. Billion-dollar projects like Billy and Gigachad will be taken over by early investors and continue to develop after the developers exit. Legal experts warn that community takeover teams may face legal risks such as misleading marketing, fraudulent trading activities, and even criminal false statements. Charlyn Ho, founder of Rikka Law, stated that teams need to clarify project goals and avoid false advertising, or they may face legal liability.