Portland News

Seth Green Gets His Bored Ape NFT Back, Putting His Show Production Back On Track

Last month, Seth Green was the victim of another phishing scam. The actor’s NFT collection, including Bored Ape #8398 or Fred Simian, was looted, putting an immediate halt to the production of his upcoming show which featured the Bored Ape NFT.

Fred Simian, Bored Ape #8398,” was previously in the possession of pseudonymous NFT collector “Mr Cheese.”

According to records from the blockchain, Fred Simian was transferred to the NFT wallet of Seth Green on Tuesday. He confirmed that it had been returned with the statement, “Fred is home.”

Read also: Owning the NFT Means Owning the IP Rights

When Seth Green threatened to sue the collector if they didn’t return his NFT last month, it seemed like he may have been trying for an out-of-court settlement. However, the records showed that 165 Ether ($297 thousand dollars’ worth of crypto currency) transferred from Green, nearly $100,000 more than it was bought for.

Fred Simian’s “suspicious activity” label on OpenSea has yet to be removed, despite being returned. The label shows that the NFT is frozen, keeping it from being bought or sold on the marketplace. On other services, however, it can still be transacted.

The transaction seems to indicate that the debacle is finally over after more than a month of controversy.

The event started in early May when Seth Green’s NFT collection was looted after falling into a phishing scam. The show White House Tavern, which featured characters from his collection, particularly Fred Simian who would have played prominently on screen, had been put on hold due to this unfortunate turn of events.

“I bought that ape in July 2021 and have spent the last several months developing and exploiting the IP to make it into the star of this show,” said Green last month. “Then days before – his name is Fred, by the way – days before he’s set to make his world debut, he’s literally kidnapped.”

Seth Green maintained he never lost the IP rights to Fred despite NFT getting stolen. However, without any legal precedent with new technology, this was left as an unclear area for him and other collectors who might want their work available on crypto assets in future.

The producer and actor, who had faced a month-long headache following the theft, can now return to work on their show without being worried about more problems.

Read also: NFTs Provide a Way for Ukraine to Preserve Its Cultural DNA

Ambassador

Ambassador

Latest Posts

Reskinning for Success: Transforming App Templates into Unique User Experiences

Reskinning for Success: Transforming App Templates into Unique User Experiences

Mobile app development can be a daunting task, especially if you’re starting from scratch. The process involves designing, coding, testing, and optimizing for various platforms, which can be time-consuming and costly. However, there’s a solution that can significantly simplify the development process and help you create visually appealing and

IPO

Wall Street’s Underwhelming Response to Recent Tech IPOs

After a 21-month freeze on tech Initial Public Offerings (IPOs), the market has finally thawed in the past week. This development has garnered attention, but it doesn’t appear to bode well for late-stage startups waiting to take the IPO plunge. This article examines the lackluster response from Wall Street

Mall

Transforming Lloyd Center Mall: A Visionary Revitalization Plan Unveiled

Breathing New Life into Lloyd Center Mall The owners of Lloyd Center Mall have unveiled an ambitious plan to rejuvenate this sprawling 29-acre property. This development comes almost two years after the mall faced foreclosure, and it promises to be a game-changer for the neighborhood and the city as

Cultivating Classic Elegance: MensItaly's Brown Linen Suit

Cultivating Classic Elegance: MensItaly’s Brown Linen Suit

In the realm of men’s fashion, finding the perfect blend of sophistication, comfort, and versatility can be a challenging endeavor. However, MensItaly, a brand synonymous with timeless elegance and impeccable craftsmanship, has made this quest considerably easier. Among their impressive repertoire of men’s attire, the brown linen suit stands

Republican

The Republican Race and the Challenge to Trump’s Dominance

Trump’s Continued Hold on the Republican Race Donald Trump’s dominance in the Republican race remains strong, as he maintains a significant lead in the crucial first primary state of New Hampshire, while simultaneously ramping up his campaign efforts in Iowa. However, the crowded field of contenders and growing frustration