$2.2M Worth of Bored Ape Yacht Club NFTs Stolen — Victim Says Incident Was ‘Arguably the Worst Night’ of His Life

$2.2M Worth of Bored Ape Yacht Club NFTs Stolen — Victim Says Incident Was ‘Arguably the Worst Night’ of His Life

$2.2M Worth of Bored Ape Yacht Club NFTs Stolen — Victim Says Incident Was 'Arguably the Worst Night' of His Life

According to studies, roughly $2.2 million value of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non-fungible tokens (NFTs) have been stolen from a collector. The proprietor of the NFTs Todd Kramer stated the incident was “arguably the worst night time” of his life. Furthermore, there’s claims that the NFT market Opensea froze the collectibles, and crypto advocates are complaining in regards to the lack of decentralization.

15 BAYC and MAYC NFTs Stolen — Victim Begs Opensea for Help, Reports Claim NFTs Were ‘Frozen’

On December 30, 2021, a BAYC collector told the public that 15 Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs have been stolen. “NFTX these apes and mutants have been stolen and flagged on Opensea. Please take away out of your liquidity pool,” he added. Todd Kramer additionally listed all of the apes that have been stolen. Kramer additionally confused in one other tweet that it was “arguably the worst night time” of his life.

The 15 ape theft is likely one of the first NFT assortment crimes since NFT collections like Cryptopunks, BAYC, MAYC, and others have seen significant demand. After the incident, there have been claims that Opensea stepped in and froze the NFTs. However, there isn’t any official affirmation that the main NFT market carried out this process.

Moreover, there’s been complaints in regards to the alleged frozen BAYCs, because the “lack of decentralization” was known as into query. “Who was capable of freeze the NFTs?” a person replied to Kramer’s now-deleted tweet. “Feels fairly anti-crypto to be asking third events to do that and ideally they shouldn’t be capable of. This was simply extraordinarily poor OPSEC in your half. True decentralized possession nobody ought to be capable of step in. Good luck.”

The co-developer of the Unified Modeling Language and famend software program engineer Grady Booch additionally replied to the now-deleted tweet. “Silly me,” Booch tweeted. “And right here I assumed that the code is the regulation and that one of many very concepts of cryptocurrencies was the elimination of any risk of centralized intervention.” Booch added:

Hypocrites; everybody of you.

The finish results of the stolen BAYC and MAYC NFT fiasco has not been disclosed publicly, but it surely appears just a few people helped ease Kramer’s worries. We additionally don’t know why Kramer determined to delete just a few of the tweets he wrote on December twenty ninth and the thirtieth. However, the tweets have been saved to archive.org and the statements are nonetheless accessible.

What do you consider the 15 BAYC and MAYC NFTs that have been allegedly stolen? Let us know what you consider this topic within the feedback part beneath.

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