Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
NFT Bro SUES Site To Recoup Value Of Stolen Ape
Posted
February 26, 2022
Views
38,432
Likes
1,311
Comments
803
Engagement
5.50%
February 26, 2022
38,432
1,311
803
5.50%
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10:21Now PlayingA Texas man is suing NFT vendor OpenSea claiming that it was stolen from him through a bug that the site already knew about. The man lost a Bored Ap Yacht Club NFT that is supposedly in the upper echelon of rarity within the collection, justifying the $1 million+ lawsuit. Cenk Uygur, Adrienne Lawrence, and Jackson White discuss on The Young Turks. Watch LIVE weekdays 68 pm ET.
Read more HERE:
"Last week a Texas man filed a lawsuit against NFT marketplace OpenSea, claiming its negligence was responsible for him losing his Bored Ape Yacht Club NFT.
Filed in the U.S. District Court for the Southern District of Texas, Timothy McKimmy claims a bug known to OpenSea allowed his NFT—Bored Ape #3475—to be bought off him for 0.01 ETH (today that’s worth $26), then flipped it for 99 ETH (today that’s worth $249,000). As such he's suing OpenSea for his digital image to be returned and for damages exceeding $1 million. Now, you might be asking “why is he suing for over $1 million when the Bored Ape last sold for just shy of $250,000?” Well, your honor, it’s because the Bored Ape is apparently a rare one."
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