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submitted 2 years ago* (last edited 2 years ago) by LeanFemurs@lemmy.world to c/leopardsatemyface@lemmy.world

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.

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[-] some_guy@lemmy.sdf.org 21 points 2 years 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.pub 13 points 2 years 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).

this post was submitted on 17 Aug 2023
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