Actor Seth Green's apes were stolen. The Robot Chicken creator had his entire NFT collection lifted from him after Green fell for a phishing scam in May. Green's NFT losses included his Bored Ape Yacht Club #8398, two Mutant Apes, which is another NFT project by Bored Ape Yacht Club creators Yuga Labs, and a Doodle NFT.

But, see, Green lost more than just the estimated hundreds of thousands of dollars in the resale value of his NFTs. The actor has been working on a comedic series called White Horse Tavern which features various NFT characters throughout the show. The star of the series, however, is Bored Ape #8398, which Green named Fred Simian.

Bored Ape holders own a license to the IP for their particular apes and can do with them what they'd like: Sell merch, create video games, develop a sitcom – you name it. And that was the problem for Green. He didn't hold his ape, whoever stole his Bored Ape sold it on the aftermarket to a collector, which meant Seth Green did not hold the rights to Fred Simian anymore.

Luckily for Green, though, he recently was able to get his Bored Ape back …at the cost of $297,000. That's right. He paid for his Bored Ape twice, a six-figure price each time.
If you're familiar with the non-fungible token space, you might be thinking to yourself: NFTs are stolen quite regularly. Hell, Yuga Labs' social platforms were compromised just this month, resulting in Bored Ape holders losing more than Seth Green did.

So, why focus on Green's case? I can't think of another NFT-related scam this year that reveals the multifaceted flaws of the industry. A celebrity had their NFTs & intellectual property stolen in a crypto scam and they didn't know what to do. In the end, they had to resort to just buying their stolen property back! What are you going to do about it if this happens to you too?

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