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Bored Ape Owner Sues OpenSea for $1M Over Phishing Attack

Published 02/22/2022, 05:17 AM
Updated 02/22/2022, 08:01 AM
Bored Ape Owner Sues OpenSea for $1M Over Phishing Attack

  • OpenSea is being sued by Bored Ape NFT owner Timothy McKimmy for $1 million.
  • McKimmy claims OpenSea is aware of the cyberattack that caused the liquidation of his Bored Ape NFT for 0.01 ETH.
  • The lawsuit can influence other victims to take action against OpenSea.

NFT marketplace OpenSea’s woes continue to pile up, as user Timothy McKimmy filed a $1 million lawsuit against the company.

McKimmy owned one Bored Ape Yacht Club (BAYC) NFT, which was one of the assets compromised in the latest OpenSea cyberattack. In detail, McKimmy’s NFT got sold for only 0.01 ETH, equivalent to only $26.

The series of complaints include that OpenSea was aware of the vulnerability that led to the exploitation. Also, some of McKimmy’s reasons for the lawsuit is that OpenSea is the sole responsible for the bugs that specifically allowed the hackers to penetrate the platform and purchase Bored Ape as far below the market price.

Alongside the complaint filed by McKimmy, he revealed several proofs as pieces of evidence that showed he is the rightful owner of ...

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