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Will Gendron

OpenSea is being sued for $1M after theft of rare Bored Ape NFT

An NFT bubble waiting to burst isn’t the only pitfall owners of Bored Apes have to fear according to a recent lawsuit filed against OpenSea, the predominant digital trading platform for NFTs.

Timothy McKimmy, a Texan NFT trader is suing the platform, alleging that the company was aware of some technical shortcomings that led to the theft of an NFT from famed collective, Bored Ape. Yacht Club. McKimmy filed the suit in the U.S. District Court for the Southern District of Texas after Bored Ape #3475 was taken from his crypto wallet.

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