Rapper Iggy Azalea is facing a class action lawsuit in the United States for allegedly misleading investors about the real-world utility and future development of her Solana-based meme coin, MOTHER.
In a complaint filed Monday in federal court in Manhattan by plaintiff Kenneth Colblack, Azalea (real name Amethyst Amelia Kelly) claimed that the token had real-world utility, commercial integration, and continued development, which never materialized.
“These representations were limited, incomplete, inconsistent, temporary, and not provided in a permanent manner,” the complaint states. “The terms and effects of the market support agreement were never disclosed to consumers.”
Azalea’s MOTHER was one of the most high-profile tokens launched in 2024 during the celebrity-related meme coin craze. The token was launched in May 2024 and reached a peak market cap of $136 million by mid-June. According to CoinGecko, the company’s market capitalization currently stands at $1.3 million.
Unlike other celebrities who have launched meme coins, Azalea has remained involved with the token, interacting with supporters on social media and promoting it on X.
Lead plaintiff Colblack claimed he lost “hundreds of dollars” on his MOTHER investment, but the lawsuit alleges he wouldn’t have done it or would have paid less without Azalea’s promotion.
According to the complaint, Azalea promoted the token as “the native currency of a growing ecosystem of real-world businesses that Azalea controls or co-founded, including telecommunications companies, online casinos, luxury gift marketplaces, merchandise stores, and entertainment integrations.”
sauce: Berwick Law
The lawsuit alleged that Azalea promoted the online casino MOTHERLAND, which was marketed as “powered by $MOTHER,” but that when it launched in January 2025, the platform used Tether (USDt) for “wagering, bonus accounting, and settlement.”
The complaint also alleges that Azalea states that MOTHER can be used to purchase cell phones and mobile plans through provider Unreal Mobile, but that at the time of filing the complaint, “there is no durable, publicly observable MOTHER payment integration on the Unreal Mobile platform.”
They also accuse Azalea of failing to inform token holders of the terms and risks involved when crypto market makers Wintermute and DWF Labs were appointed to manage MOTHER transactions.
Related: World Liberty sues Justin Sun for defamation in WLFI dispute
The lawsuit seeks damages for MOTHER’s purchasers who suffered losses, as well as attorney’s fees and other damages.
The class is headed by Max Berwick of the Berwick Law Firm, who has helped launch multiple class action lawsuits against crypto projects.
Information about Azalea’s attorney was not available at the time of this writing. Azealia and her management team could not be reached for comment.
magazine: Introducing attorney Max Barwick — “The Ambulance Chaser of Cryptocurrency”
