As OpenSea has grown, it has struggled to prevent theft and fraud. The company is facing at least four lawsuits from traders, and one of its former executives was indicted this month on charges related to insider trading involving NFTs. Via NYT
An image provided by Chris Chapman of his Bored Ape Yacht Club NFT artwork, which he had listed for sale on OpenSea, the largest NFT marketplace, setting the price at about $1 million
Chris Chapman used to own one of the most valuable commodities in the crypto world: a unique digital image of a spiky-haired ape dressed in a spacesuit.
Chapman bought the non-fungible token last year, as a widely hyped series of digital collectibles called the Bored Ape Yacht Club became a phenomenon. In December, he listed his Bored Ape for sale on OpenSea, the largest NFT marketplace, setting the price at about $1 million. Two months later, as he got ready to take his daughters to the zoo, OpenSea sent him a notification: The ape had been sold for roughly $300,000.
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