According to a new report, Seth Green, the actor, and entrepreneur had to pay $260,000 or 165 ETH to get back one of his stolen Bored Ape NFT. Last month, Seth Green clarified to BuzzFeed News he has been able to get back the ape with original records of purchase. Transaction records also confirm that Green paid $260,000, the equivalent amount of 165 Ethereum to get back the stolen Bored Ape NFT.
Soon to be Featured NFT Gets Stolen
The Bored Ape NFT in question is #8398, which was expected to feature in a new show from Green, “White Horse Tavern.” On social media, the discourse around the fact that Seth had to pay $260,000 to get back his stolen NFT got a lot of attraction.
What’s odd is that this is not the first time Seth has lost a Bored Ape NFT. In fact, the Robot Chicken and Family Guy star have lost four different Bored Ape NFTs with a valuation of over $300,000. In 2022, phishing attacks are more common than people realize and Green had to find out the hard way.
Theft or Misunderstanding
Officially, “Mr. Cheese” was the culprit behind the previous attacks. On the flip side, there was another narrative of this entire story. In fact, “Mr. Cheese” was using the “DarkWing84 as a pseudonym and had bought the Bored Ape NFT in a standard process without ever returning it.
Furthermore, Mr. Cheese was willing to have a direct conversation with Green after the whole fiasco. At thiscr point, it was unclear whether it was a misunderstanding or a case of stolen NFT. But Green’s tweet confirmed that he would take the accused person to the court if he has to in order to recover the Bored Ape NFT.
Losing More than One Bored Ape NFT
The idea that Green managed to lose four of his most valuable Bored Ape NFTs in a span of a few weeks startled a lot of collectors. But in a broader sense, it was a learning moment for NFT collectors to realize and recognize the threat of phishing and how attackers can get control of your NFTs and other precious data. As per current reports, the stolen NFT had cost Green around $200,000.
Most people hint that the main reason for Green to cover the ransom was so that he can get back the Bored Ape NFT in time and feature it in the “White Horse Tavern” TV series. Nonetheless, after the NFT theft, Green got caught up in the cobweb of legal hurdles. In terms of the character’s licensing rights, it was tricky to determine whether or not Green would still be the rightful owner of the NFT.
Ownership Agreement of Bored Ape NFT
For the most part, Green believes is more optimistic than ever to leverage his collection of Bored Ape NFTs in the coming months. Technically, it is vital to understand that the NFT buyers possess the licensing and distribution rights after an unexpected activity.
In this case, the ownership agreement around Bored Ape NFT doesn’t extend to theft. As Green manages to maintain the ownership rights of the ape, it remains to be seen whether or not it would pay off in the foreseeable future.