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Seth Green Reclaims His Stolen Bored Ape NFT by Spending Another $300K

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 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 in “good faith,” not knowing that it was stolen from the famous actor.

Another Victim of 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. According to the rules of the Bored Apes Yacht Club, every NFT owner can use the owned apes for commercial purposes. However, a dodgy link led Seth Green to a malicious NFT minting website and his digital belongings were quickly 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. However, Seth Green managed to get in touch with DarkWing84 and transferred another 165.005 of Ethereum (ETH) in order to get the beloved Bored Ape NFT back via escrow. The Ethereum spent on the recovery of this NFT equals $286,649,99. In contrast, that’s about $100,000 more than what DarkWing84 spent to acquire the stolen NFT.

Ethereum (ETH) Price is Floating in the Red Zone

Being the most popular blockchain for NFTs, Ethereum (ETH) is also the second-largest crypto asset. Many investors believe it to be less volatile than other altcoins, especially with the ETH 2.0 Merge upgrade coming up. However, ETH is on a downward trend this Friday, as ETH is trading at $1,722.74 at the moment of this writing. That’s a 3.7% decrease in the last 24 hours and a 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 launch.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Tadas Klimasevskis is a blockchain journalist and content creator, focusing on the latest tendencies of the crypto world and digging deeper into specific innovations like music NFTs, gaming NFTs and Metaverse. Vast experience in social media lets Tadas quickly spot what’s going on in the crypto industry and deliver a story with a unique spin.