NFT

Seth Green Paid $260,000 Ransom for His Stolen Bored Ape Ethereum NFT

[ad_1]

According to BuzzFeed News, actor Seth Green has been reunited with a stolen Bored Ape Ethereum NFT, and appears to have paid $260,000 for the privilege.

In a phishing attack three weeks ago carried out by “Mr Cheese”, the star of animated shows including “Family Guy” and “Robot Chicken” lost four Bored Ape NFTs worth more than $300,000.

One of the stolen NFT (Bored Ape NFT #8398), reportedly costed Green $200,000, and was meant to feature in a new TV series called “White Horse Tavern.”

The theft of the NFT left Green in a legal gray area where it was unclear whether he would still own licensing rights for the character.

Owned by its creators Yuba Labs, the copyright to Bored Ape NFT Yacht Club collection set off a frenzied buying craze among celebrities in January.

Buyers of the NFTs have rights to license and distribute them, however the agreement did not extend to stolen NFTs.

Green said he was confident that he still maintained the rights to distribute the ape as it was stolen from him. 

Nevertheless, transaction data showed that Green paid 165 Ether worth of $260,000 to have the NFT returned.

In a Twitter Space for his NFT company PizzaBot, he told BuzzFeed Newson on Thursday that the ape “is home”.

Following the phishing attack, BuzzFeed reported that “Mr Cheese,” who was also identified by to be using the pseudonym “DarkWing84,” initially told the news site he had purchased the NFT in good faith and has no intention of returning it, but that he was happy to speak with Green directly. 

Green indicated In a tweet, he would take his foe to court over the accused theft. 

Green is far from being the only person of a crypto phishing attack. A study by the Federal Trade Commission showed that crypto scams had conned thousands of people out of $1 billion since the early last year.

In the third attack on the account since April, $360,000 worth of Bored Ape NFTs were stolen from Yuba Labs earlier this week.



[ad_2]

Source link