Buyers of Bored Ape NFTs sue after digital apes turn out to be bad investment
arstechnica.com
Lawsuit: Sotheby's $24M sale to FTX gave Bored Ape NFTs "an air of legitimacy."

The Sotheby’s auction house has been named as a defendant in a lawsuit filed by investors who regret buying Bored Ape Yacht Club NFTs that sold for highly inflated prices during the NFT craze in 2021.

  • @QuaternionsRockEnglish
    9•1 year ago

    buy stupid NFT

    pitch TV show about said NFT

    get investors to pay for it

    take out insurance on NFT and TV show

    never bother to make TV show

    just collect salary as passive income

    “leak” private key a few days before “release”

    collect insurance to repay investors

    profit