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.

  • Custoslibera@lemmy.worldEnglish
    641·
    1 year ago

    I wish I had the temerity to sue people when an ‘investment’ doesn’t go my way.

    I’m sure they’d have sued Sotheby’s if they made lots of profit right?

    • some_guy@lemmy.sdf.orgEnglish
      211·
      1 year ago

      There was the bit about Sotheby’s misrepresenting FTX as a buyer, but that doesn’t make me any more sympathetic to their situation. Which, now that I’ve typed that, is extremely cynical when I like to think of myself as empathetic. I’m gonna try to change my take here. I like @db2’s take that the money should be invested in public education.

      • kimpilled@infosec.pubEnglish
        131·
        1 year ago

        I don’t think it would have mattered had they known. FTX was still in their good graces at the time, and FTX didn’t actually scam anyone (in this particular transaction lmao).