News hardware Director Forced To Cancel Show After NFT Bored Ape Was Stolen
American actor and director Seth Green has had his NFT Bored Ape stolen and it will surely cost him his show project. His virtual monkey played a key role in the audiovisual program he was making. Indeed, beyond the six-figure financial loss, by hacking it, its thief also left with the intellectual property of the NFT Bored Ape.
Seth Green has his NFT Bored Ape stolen
A few days ago, Seth Green, known for his role as Oz in Buffy the Vampire Slayer, had the unpleasant surprise of seeing quarters of his non-fungible tokens (NFT) disappear from his wallet.
Victim of a hacker, he was redirected to a fraudulent site to connect with his wallet. Following this phishing, the hacker with all the information in hand managed to break into the actor’s wallet in order to transfer the NFTs to another wallet.
The 4 stolen NFTs are:
- 1 Bored Ape (BAYC)
- 2 Mutant Ape (MAYC)
- 1 Doodle
For a total value of approximately €260,000 according to current prices. A beautiful luxury car all in all…
Sad news that reminds us that Web3 is good, but we must be careful not to connect our metamask crypto wallet anywhere. Finally, as with any other sensitive personal data on the internet in general.
A character in NFT in a web3 show
The actor who had purchased the NFT Bored Ape #8398 a few months earlier had purchased a piece of virtual art, but also the right, as the owner, to exploit the image of his Bored Ape as he sees fit.
An intellectual property that Seth Green intended to stage, because he had undertaken the production of a hybrid series between animation and reality where the Bored ape had a main role. This loss therefore goes beyond the pecuniary value for the actor since his NFT had all its importance in the accomplishment of the audiovisual project.
Called “White Horse Tavern”, the show was in a very advanced state and the director had presented the trailer in May when his NFT had just been stolen.
BAYC and intellectual property rights
Despite the banishment measures of the NFT OpenSea platform ensuring that stolen tokens are not listed and resold after a suspicious action. As soon as it was stolen, the anonymous hacker managed to resell the NFT on another platform.
In this new configuration, the new owner (who does not necessarily have knowledge of the theft) could very well sue the American actor for his work which illegally exploits the intellectual property rights of his new NFT.
The terms and conditions of Yuga Labs, the studio that owns Bored Ape Yacht Club (BAYC), are quite clear on this point:
“When you buy an NFT, you completely own the Bored Ape, underlying the Art. Ownership of the NFT is fully digitized by the Smart Contract and the Ethereum network: at no time can we seize, freeze or otherwise change the ownership of a Bored Ape. »
However, in the conditions, no paragraph mentions the rights following the theft of an NFT.
Namely, are the thieves and concealers of NFT entitled to enjoy the intellectual property related to the work?
In order to find an arrangement for the broadcast of his show, Seth Green has tried to contact the new owner, in vain for the moment…
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Director Forced To Cancel Show After NFT Bored Ape Was Stolen
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