According to a news filtering in, popular actor entrepreneur and -of recent – NFT collector Seth Green, is set to pay $260,000 or 165 ETH in order to recover one of his stolen Bored Ape NFT. Ina statement to BuzzFeed News a month ago, Seth Green made mention of the fact that he has been able to make recovery of the ape with original records of purchase. However, what is stunning is the amount he had to pay to recover this stolen piece, coming in the heels of a tanking market for NFTs and cryptocurrency.
One could imagine how vital this piece of NFT is knowing that the bored Ape NFT in question is #8398. There were high expectations that Seth will feature the NFT in his new show “White Horse Tavern.” However, the cost of Seth recovering the stolen NFT left Social media users in uproar.
The outrage here is not coming from Seth Green being new in the circle of those who have lost NFTs, being that the star actor has lost four different Bored Ape NFTs with a combined valuation of over $300,000. Green has had to find out the hard way about the recent surge in phishing attacks, where it is now more common to lose digital properties.
Seth Green: The Habitual loser of NFTs
What has left a lot of collectors in muddled confrusion is that Seth has casually lost four of his Bored Ape NFTs that are of utmost value in just a few weeks. However, Seths story is an eye opener for collectors to understand the sophistication nd reality of phishing and the threat attackers now pose to collectors, making it imperative that they must find a way to double down on security of their NFTs and expensive data. This new reality comes in the wake of knowing that the stolen NFT had cost Mr Green close to $200,000.
Seth the dogged collector
Although, we are doubtful of Seth Green’s ownership of the lost NFT if recovered. Mr Green has doubled down on the recovery process. According to reports, this likely comes from to feature on his show “White Horse Tavern”
In what appears to be the subject of focus. Green is more optimistic than ever to want to increase his collection of Bored Ape NFTs in the coming months. This is because NFT buyers possess the licensing and distribution rights after an unexpected activity.
The point here is, Bored Ape NFT agreement of ownership exclude cases of theft. This enbles Green to maintain the ownership rights of the ape. This will still be a myth to onlookers as to whether or not it would pay off in the foreseeable future.