Seth Green Buys Back Stolen BAYC for $260K, Will Resume TV Show

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Actor Seth Green has recov­ered his stolen Bored Ape Yacht Club NFT after pay­ing a $260,000 ransom.

After los­ing four NFTs from pop­u­lar col­lec­tions like the Bored Ape Yacht Club, Doo­dles, and Mutant Ape Yacht Club, actor and come­di­an Seth Green was in a pickle. 

Known for his movie roles in the “Ital­ian Job” and “Austin Pow­ers”, as well as tele­vi­sion roles in “Fam­i­ly Guy” and “Robot Chick­en,” Green was set to use the intel­lec­tu­al prop­er­ty from Bored Ape NFT #8398 in a new tele­vi­sion series, “White Horse Tav­ern,” where BAYC #8398 is a bar­tender named Fred Simian. 

In a pre­vi­ous inter­view, Green said that he had bought the ape in July 2021, and had spent sev­er­al months devel­op­ing the sto­ry and char­ac­ter of BAYC #8398.

Days before the show was sched­uled to go on air, the NFT was one of four stolen through a phish­ing attack, and sub­se­quent­ly list­ed on OpenSea.

The thief ini­tial­ly claimed he had bought the NFT fair and square, with no inkling to return it, Buz­zfeed News report­ed. With his tele­vi­sion show on the line, Green sub­se­quent­ly threat­ened legal action.

Intellectual property prevented Green from releasing the show

Unbe­knownst to many, the legal rights to license and dis­trib­ute Bored Ape NFTs are for­feit­ed in the event an NFT is stolen. After an unsuc­cess­ful appeal to the per­son respon­si­ble for the theft, Green had to buy the NFT back for 165 ETH ($260,000) to reclaim his legal right to the IP, telling Buz­zFeed News in a Twit­ter Spaces con­ver­sa­tion that the NFT “is home.” 

Now in pos­ses­sion of the NFT, Green can pro­ceed with the release of the show. By own­ing the NFT, Green elim­i­nates major net­works, cre­at­ing char­ac­ters that could be turned into NFTs in the future.

How the NFTs got stolen

Green fell prey to a phish­ing scam in May 2022 while attempt­ing to pur­chase a Gut­ter Clone NFT, a knock­off of Gut­ter Cats, a pop­u­lar NFT col­lec­tion. In con­nect­ing a cryp­to wal­let, the first step to buy­ing an NFT on most mar­ket­places, Green dis­cov­ered that the web­site to buy the Gut­ter Clone NFTs was fake.

“Phish­ing link looked clean,” he admitted. 

Phish­ing scams trick users into reveal­ing sen­si­tive infor­ma­tion, such as user­names and pass­words, or encour­age them to con­nect to bogus web­sites. The hack­er then attempts to change the user’s log-in cre­den­tials to access the funds in a user’s cryp­to wal­let. Funds are then trans­ferred to the hacker’s wal­let.

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All the infor­ma­tion con­tained on our web­site is pub­lished in good faith and for gen­er­al infor­ma­tion pur­pos­es only. Any action the read­er takes upon the infor­ma­tion found on our web­site is strict­ly at their own risk.



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