Stock Groups

Seth Green Reclaims his Stolen Bored Ape NFT Back by Spending Another $300K -Breaking


Seth Green Spends Another $300K to Reclaim his Stolen Ape NFT.

Seth Green announced today his much loved Bored Ape #8398 finally ‘came back home’. This wasn’t easy to achieve, as Seth Green has been trying to get back the stolen ape Since May 25th, when he first got into contact with the current owner.

The notorious case of the misplaced ape has made waves last month, with Seth Green even threatening to go to court after an NFT collector by the name of DarkWing84 disclosed that he had bought the NFT ‘good faith’, not knowing that it was stolen from the famous actor.

Another victim to a Phishing Scam

The four NFTs lost during the phishing scam resulted in delays of Seth Green’s new TV show ‘White Horse Tavern’, as the above mentioned NFT was fundamental to the show’s decorations. Bored Apes Yacht Club rules allow any NFT owner to use their apes commercially. Seth Green was able to access a fraudulent NFT-mining site via a suspicious link, and all his digital possessions were soon exposed.

Since OpenSea still has a flag on the particular NFT for ‘suspicious activity’, a repurchase of the Bored Ape #8398 on the marketplace is impossible. Seth Green, however, managed to reach DarkWing84 for 165.005 (ETH), in order to return the Bored Ape NFT through escrow. It cost $286 649 99 to recover the NFT. In contrast, that’s about $100,000 over the top if compared to what DarkWing84 spent to acquire the stolen NFT.

Ethereum (ETH) price is Floating within the Red Zone

Ethereum (ETH), the most widely used blockchain for NFTs is also the 2nd largest cryptocurrency asset. It is believed to be more volatile than the other altcoins due to its ETH 2.0 Merge upgrade. ETH has been on a downtrend since Friday. It is currently trading at $1722.74 at this point in writing. That’s a 3.7% decrease in the last 24 hours and 6% decrease in the last 7 days. Despite this, many crypto enthusiasts are optimistic about Ethereum’s future as the switch to Proof-of-Stake (PoS) model nears its launching date.

Continue reading on DailyCoin