He sold his Bored Ape, which he had bought in August 2021 for 16 ETH (then about $50,000), for 115 DAI ($115 - DAI is a stablecoin pegged to USD). NFT trader Calvin Chan recently made some unusual NFT trades. It means a wallet that is NEVER Linked to anything besides MM or OS." Moulène went on to threaten legal action, saying, "Oh I will spend 10x that ape tracking these fucks down and suiting them into oblivion." and "I'm going to pursue legal action in the states and internationally (if need be) to find the people responsible and hold them accountable." He later tweeted, "Since I've got a platform, here's what I learned today: COLD WALLET, does not just mean storing assets in a series of ledgers/trezors. When chastised by other NFT collectors who assumed he had stored the ape on a hot wallet, Moulène clarified that the NFTs had been stored in a Ledger hardware wallet. The scammer flipped the Ape within an hour for 110 ETH ($368,660). He had originally purchased Bored Ape #5778, which he described as his "forever ape" that he never planned to sell, in August 2021 for 53.88 ETH ($166,684 at the time). Clicking the link, which matched the BAYC website link except with a character swapped in ("yarht"), the trader connected his wallet and soon found his favorite NFT transferred to the phisher. NFT collector Cameron Moulène was excited to see a link promising a merch drop in the bio of an account with the same branding as Bored Ape Yacht Club, but with the handle BoardApesYC (rather than BoredApesYC). but you seemed like a great guy and I wanted to throw you some cash and get you some exposure".Īnyway, nice job Andrew and team! Nothing says "eradicating poverty" and "empowering creatives" like paying them basically nothing. The team member replied by basically negging Lietz, writing "Honestly, I didn't want to say this, but I will now mention: we weren't actually going to use your art in the project. Lietz replied to say that the DAO's NFT fundraising appeared to have raised at least $790,000, and that $500 was an unfair amount (although I suppose 0.06% is technically "a percentage"). The reply to Lietz's question about if there was a contract was: "No formal contract as we need to move fast, but I imagine this email would hold up in court as a written agreement if it ever came to that (it wouldn't! Andrew and I are men of our words!)" In a subsequent email, the team member wrote that they would "love to send you a Lobb圓 Member token", and that "our artist commissions weren't huge, but would love to send you $500 for your time and effort". They went on to say that if they used his work, they would "negotiate a percentage of what we sell". any artist we select will receive a percentage of our revenue". The emails show Lietz asking whether artists would receive compensation for their work, and a project team member replying: "Yes. One of the artists, Phillip Lietz, took to Twitter on March 28 to call out the group for the pittance he was offered for his work, posting screenshots of an email exchange he had had with a member of the project team. The website sports a cute illustration of a city, which was created by a group of artists, and which was also originally intended to be split into "puzzle pieces" to be minted as NFTs (though this apparently never came to pass). In February, perennial political candidate Andrew Yang announced he had created "Lobb圓", a DAO which he says will push for crypto-friendly regulation and "eradicate poverty".
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