Seth Green was a Victim of a Phishing Scam
After a con artist stole comedian Seth Green’s NFT collection and deprived him of the Bored Ape he intended to use in his forthcoming animated program, a member of the media talked to a person who claimed to be the ape’s current owner. Green had hoped to use the ape as a character in the show.
The collector with the alias feels that they “purchased it in good faith,” and he confessed that he does not have any intentions for the NFT, including not returning it to Green. He has described himself as an Australian physician with a side business.
The theft of NFTs belonging to Seth Green might create issues for his next series, White Horse Tavern, which would integrate characters from the actor’s huge collection of NFTs. It’s likely that Green lost his license to commercially modify the ape after losing his Bored Ape to a phishing scam earlier this month. If true, this would make sense.
Since then, Green has been trying to negotiate the release of his Bored Ape, which he has referred to as being “kidnapped.” This situation has developed into something of a hostage situation.
Seth Green has Recovered his Bored Ape
It appears that the individual claiming ownership of the Bored Ape was willing to speak with Seth about it. “I’ve only just woken up, yet I’ve already observed all of this lunacy. I would appreciate it if you could put me in touch with him”. This was a message supposedly delivered to a media outlet on Twitter by the new owner.
After having to temporarily put a hold on the production of his upcoming NFT show ‘White Horse Tavern‘ due to the theft of his protagonist Bored Ape NFT from his wallet, Seth Green has finally been reunited with his cherished blue-chip ape. This comes after Green was forced to temporarily put a hold on the production of his upcoming NFT show.
Despite the fact that this is excellent news, Green’s retrieval of the asset was not one that followed traditional judicial-like procedures. Instead, it was one that was embedded with a lack of regulation, a great deal of ambiguity, and a significant amount of monetary loss.
Green’s Bored Ape #8398, which he named Fred Simian (and all built a Twitter account for), was stolen from his wallet in a phishing scam last month, and it was then sold to an NFT collector named ‘Mr. Cheese’ for almost $200,000 USD. For more context, consider the following: (approx.113 ETH).
Seth Green had Threatened Legal Actions
Green initially threatened to sue Mr. Cheese if he didn’t return the ape after he tracked down the location of the ape that had been stolen from him. However, given Cheese’s confidence that no action can be taken (which was backed up by their ‘bought in good faith’ argument), a costless bargain couldn’t be rendered, which means that on Tuesday, Green paid a whopping 65 ETH (or approximately $297,000) to reclaim Fred Simian.
According to reports, the deal was carried out through the use of a cryptocurrency escrow site known as NFT Trader, which resulted in Mr. Cheese making a good profit of $100,000. Not much longer after that, the money was moved to Cheese’s alias, which is known as DarkWing84.
As a result of the recovery, Bored Ape #8398 is still flagged on OpenSea as having engaged in “suspicious behavior,” and it is unable to be purchased or sold on the marketplace. Because of this, the transaction has to be handled using the escrow service provided by NFT Trader.
In terms of the production of White Horse Tavern, Seth Green has not directly addressed the question of whether or not plans can be restarted. However, considering that the all-important Bored Ape intellectual property has been returned to Green’s possession, there is no reason why the show’s production couldn’t be restarted.