Yuga Labs, the company behind CryptoPunks, has faced significant criticism recently. Despite a treasury valued at $12.4 billion, Yuga Labs has laid off numerous employees and is attempting to raise 500 ETH through the sale of new CryptoPunks. The company has also introduced a DEI department and hired Web 2.0 executives, which has been met with skepticism from the community. Many CryptoPunks holders feel that Yuga Labs is out of touch with the brand's core values and accuse the company of prioritizing profit over stewardship. The recent 'Punks in Residence' drop by artist Nina Chanel has received mixed reactions, with some appreciating the art while others criticize Yuga Labs' management. There are calls within the community for Yuga Labs to relinquish control of the CryptoPunks brand. The situation has led to perceptions of Yuga Labs acting like a frantic, cash poor company as of May 20, 2024.