Comedian and Actor, Seth Green, loses $200k Bored Ape Yacht Club NFT, in phishing scam

Famously known actor and comedian, Seth Green, tweets on Tuesday, May 17th, that four of his prized NFTs were stolen from his wallet. Each of these NFTs, worth over $250,000 all together at the time it was stolen, vanished, as he had fallen victim of yet another phishing scam. 

Seth Green’s tweet on phishing scam

His four NFTs included one Bored Ape Yacht Club , two Mutant Ape Yacht Club NFTs, and a Doodles NFT. Ouch. He explains in his tweet that he was attempting to purchase another NFT – a Gutter Clone, a spinoff from a well known collection called Gutter Cats– and connected his crypto wallet to the website. The website turned out to be illegitimate and in turn, wiped  out his wallet. 

This prompts the concern that many of us have… if a high profile celebrity fell victim to a phishing scam, then who’s really safe? 

He reports on twitter,”Believed I was minting GutterCat clones- phishing link appeared clean up.”

Well, can’t Seth Green reverse the transactions? It can’t be that hard, right?

Unfortunately, no. Due to the Ethereum blockchain being decentralized, all transactions completed on the blockchain such as the purchase or sale of NFTs are irreversible. While a decentralized blockchain optimizes resource distribution and freedom of environment, this design allows scammers to easily deplete the victim’s wallet for good. 

Co-founder of Web3 gaming organization Animoca Brands, Yat Siu, points out in a resulting twitter thread that the best course of action in scenarios such as Green’s should be to immediately report to the Police or FBI and to publicize the theft on a public forum. 

Despite the adverse mistake, Green has invested in the Web3 culture in an impressive portfolio. It is reported that he has remained around $250,000 worth of NFTs since the incident. Prior to the scam, Green launched his own NFT project dubbed PizzaBots, to commomemroate 4/20 and is currently working with Linkin Park member and DJ Steve Aoki on Dominion X, a TV show connected to a NFT project.