Bored Ape NFT Holders in Limbo After Steep OpenSea Losses - Blockworks

By  (contrib. Fatstack)
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There have been at least 14 counts of Ape NFTs being resold, according to a compilation shared with Blockworks by a group of affected users.

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It’s been a chaotic start of 2022 for many holders of Bored Ape Yacht Club NFTs and similar collections.

The tumult started last week when a user interface model in OpenSea’s marketplace allowed tech savvy opportunists to snatch up pricey non-fungible tokens from their owners for far below market value and resell them for hefty profits. 

At least three people exploited the loophole in the marketplace’s platform, making away with over $1 million as of Jan. 24, according to blockchain analytics firm Elliptic.

One of the alleged thieves bought a Mutant Ape Yacht Club (MAYC) NFT — a derivative of the BAYC — for $10,600 selling it hours later for $34,800. It’s unclear exactly how many Apes were resold in total. 

There have been at least 14 counts of Ape NFTs being resold, according to a compilation shared with Blockworks by a group of affected users. It lists users’ wallet addresses with listings associated with the crypto collectibles. . . .