Bored Ape Yacht Club (NFT collection)

2022: Accusations of Nazi sympathy

In June 2022, it became known that the creators of the most expensive NFT collection in the world Bored Ape Yacht may be sympathetic to the Nazis. It turned out that they use names and references related to Nazi and racist symbols - from the SS to a stupid Negro.

One of the co-founders took the nickname Emperor Tomato Ketchup, which refers to the 1971 film, where a boy in Nazi uniform rapes a woman. A number of the authors' projects depict rats with gold (an anti-Semitic picture), bananas in the form of a swastika, anagrams and footnotes to the theme of concentration camps, Prussian helmets. The monkeys themselves sometimes humiliatingly show African Americans.

2021: Owner of rare NFT sells it for $3,000 over $300,000 due to typo

On December 14, 2021, one of the traders accidentally sold the Bored Ape Yacht Club NFT worth $300,000 for $3,000, CNET reported. The reason for the costly gaffe was an inappropriate decimal point.

Bored Ape Yacht Club is a collection of 10,000 NFTs, each depicting a monkey with different features and visual attributes. One of the traders named Max under the nickname maxanaut, who owns one of these NFTs, entered the wrong price when placing his Bored Ape on the NFT OpenSea trading platform. He intended to lay it out for 75 airs (approximately $300 thousand), but accidentally put it up for 0.75 airs ($3000), for a hundredth of its cost. Max immediately noticed his mistake, but before he could do anything, a bot looking for underrated NFTs bought it out.

The purchase took place instantly. The buyer paid an additional $34 thousand to speed up the transaction so that no one could buy it before him.

Owner of rare NFT sells it for $3,000 over $300,000 due to typo

How did it happen? I suppose this is a loss of concentration, - said Max. - Every day I list many points and just do not pay due attention to them. I instantly saw an error when my finger clicked, but the bot sent a transaction with more than 8 eth [approximately $34k] for accelerating the transaction, so it was instantly removed before I could press Cancel, and so the $250k was gone.

What has happened to Max is what is being called the "fat finger" bug, CNBC reported. This occurs when a trader makes an incorrect bet on an asset due to a typo. Similar mistakes occasionally happen in the world of traditional finance - such as when one such typo caused HSBC shares to jump 10% in 2014 - but the transaction can be halted if the financial institution is alerted quickly enough. However, the same does not apply to the world of cryptocurrencies.

Unfortunately for Max, bringing him back "Bored Ape" won't be easy. By December 14, it was already trading at the price of 85 ethers ($320 thousand). The same goes for any other 9,999 unique NFTs from "Bored Ape Yacht Club." At the time of publication, the cheapest NFT from this set is available on OpenSea for 52 airs ($210 thousand).

Still, Max seems to be taking it all in stride. On Sunday December 12, as news of his mistake began circulating online, he tweeted that he was not going to berate himself over the mistake.

The industry is so new that bad things are going to happen, whether it's your fault or your technology, "Max said. - As soon as you can no longer control the result, forget and move on.[1]

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