Justin Bieber, Madonna, Adidas and more named in class action cryptocurrency lawsuit

Dozens of celebrities were named in a class action lawsuit filed Thursday against blockchain cryptocurrency start-up, Yuga Labs, Inc.

Madonna, Paris Hilton, Justin Bieber, The Weeknd, Jimmy Fallon and his production company, Electric Hot Dog, Inc. were among the many sued for their involvement in "promoting and selling a suite of digital assets."

"The executives at Yuga and Oseary together devised a plan to leverage their vast network of A-list musicians, athletes, and celebrity clients and associates to misleadingly promote and sell the Yuga Financial Products," documents obtained by Fox News Digital stated.