A Lawsuit Against Opensea For More Than $1m In Stolen Apes

Joao gil
10.04.2022

OpenSea, the world's largest online marketplace for digital collectibles, is being sued for more than $1 million in two separate lawsuits alleging that the company sold digital apes that were stolen from their rightful owner.

The first lawsuit, filed by a user identified only as "John Doe," alleges that OpenSea sold him an ape that had been stolen from another user's wallet. The second lawsuit, filed by user "Anna Smith," makes similar allegations.

Both lawsuits seek class-action status on behalf of all users who have purchased digital apes from OpenSea. If the lawsuits are successful, OpenSea could be required to pay out millions of dollars in damages and refunds.

OpenSea has not yet responded to the lawsuits, and the company did not respond to a request for comment from Decrypt.

These lawsuits come as the digital collectibles market is booming, with billions of dollars worth of crypto assets changing hands daily. However, the market has also been marred by allegations of fraud and theft, with many users losing their entire investments in scams.

As the digital collectibles market continues to grow, we will likely see more lawsuits like this one. If OpenSea is found liable for selling stolen apes, it could set a precedent that would make it harder for other digital marketplace platforms to operate without facing similar legal action.

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