Rapper Iggy Azalea is facing a class action lawsuit in federal court in New York over allegations that she misled investors about the utility and development of her Solana-based meme coin, which trades as MOTHER.
“This case is not about ordinary volatility in a cryptocurrency or the inherent risk that a speculative digital asset may decline in value,” the plaintiffs’ attorneys said. “It is about a celebrity-led promotional campaign that induced consumers to purchase and hold a digital token through specific, material representations about real-world utility, commercial integrations, institutional market maker support, and continuing development.”
The plaintiff, Wisconsin resident Kenneth Kolbrak, is seeking damages on behalf of investors who purchased Azalea’s meme coin and lost money. He claims he bought the token after seeing statements about its utility and would not have done so, or would have paid less, if those claims had been accurate.
According to the lawsuit, Azalea promoted “Motherland” as being powered by MOTHER, but alleges that when the casino launched in early 2025, its core operations used USDT instead.
The lawsuit also claims Azalea said users could buy phones and pay bills with MOTHER through Unreal Mobile and use the token exclusively on a planned marketplace called DreamVault, but alleges neither worked nor launched as described.
“As of the date of this Complaint, no durable, publicly observable MOTHER payment integration exists on the Unreal Mobile platform,” the complaint said.
The lawsuit raises additional questions about Azalea’s relationships with crypto market makers Wintermute and DWF Labs. While those partnerships were presented as a sign of institutional support, the complaint alleges that investors were not told how those firms could trade the token or how those arrangements might affect price dynamics.
The lawsuit seeks damages for investors who lost money, including statutory and potentially triple damages, along with attorneys’ fees and a jury trial, and names additional “Doe Defendants,” a legal placeholder for individuals whose identities are not yet known.
Representatives for Azalea and Burwick Law did not immediately respond to Decrypt's request for comment.
