Three Bored Ape Owners Sue OpenSea over Security Loophole of Stolen NFTs

Three Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) owners, namely Timmy McKimmy of Texas, Michael Valise of New York, and Robert Armijo of Nevada, are suing legacy NFT trading platform OpenSea for the loss of their NFTs on the .

As reported by ARTNews, the duo of McKimmy and Valise similarly lost their NFTs through a known security vulnerability in OpenSea’s code, while Armijo’s loss was through a social engineering attack which, according to him, was made possible based on OpenSea’s negligence.