owner of bored ape is suing opensea for $1M

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    A Texas man who unwittingly sold his Bored Ape NFT for 0.01 ETH (roughly $26) is suing OpenSea, alleging that the platform was aware of a bug that allowed hackers to buy NFTs for far less than market value.

    Timothy McKimmy claims to be the rightful owner of Bored Ape #3475, one of 10,000 highly coveted primate NFTs known as the Bored Ape Yacht Club, in a lawsuit filed in federal court in Texas. He claims that he did not list his Bored Ape for sale and that the NFT was “stolen,” with the “buyer” reselling it for over 99 ETH ($250,000 at today’s prices).

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