In what seems to either be a costly mistake or a possible scam, a?$350,000?Bored Ape Yacht Club (BAYC) NFT has just been sold for a meagre 115 DAI ($115). DAI is?a dollar-pegged stable coin.
Data from NFT marketplace OpenSea shows that the previous owner with the moniker (nickname) ¡°cchan¡± accepted a 115 DAI bid yesterday for BAYC #835. That's 99.9% lower than the current floor price, i.e. the lowest price available to buy the popular NFT collection.
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And that's not all. The same owner also reportedly sold Mutant Ape #11670 for 25 DAI ($25) to the same buyer, whose floor price is 22.6 ETH ($76,000).
Although it is not immediately clear why the owner would accept such low offers for the popular NFT, it seems to be a mistake, with the owner ¡®cchan¡¯ confusing DAI for ETH, particularly because there were three other high-value bids for the Bored Ape between 75 ETH and 106 ETH placed by other collectors that were not accepted, as per a report in Theblockcrypto.
Besides being sold for much lower than the floor price, this NFT sale also represents a major loss for the owner ¡®cchan¡¯, given that the BAYC NFT was initially acquired for 16 ETH in August 2021.
The NFT owner ¡®cchan¡¯ reportedly told Theblockcrypto that he was "in the process of figuring it out as well. He said that he maintains a high degree of security on his accounts, especially during periods of travel, and would be "hard pressed to call it a hack."?
It's also possible that the seller had his/her account compromised. One Bored Ape Yacht Club member tweeted that he had contacted the NFT owner ¡®cchan¡¯ who said that he was not aware of the sales, suggesting that he had been hacked.
The owner reportedly sold both the Bored Ape and the Mutant Ape within a minute of each other, suggesting that he may have decided to accept both offers in one go.
While this might suggest that this was a deliberate move, a glance at the buyer's wallet shows otherwise. The buyer had been continuously placing bids in DAI on multiple Bored Ape NFTs, seemingly looking to trick someone into believing the offer was in ETH and accepting the purchase. This suggests that the owner, i.e. the seller fell into the intentional trap.
Now it remains to be seen what exactly happened, which would become clear upon further investigation into the matter.
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