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Seth Green Loses $200K Bored Ape Yacht Club NFT in Phishing Scam – CNET

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The actor and comedian had four NFT stolen. All up, he lost around $308,000 worth of NFTs after connecting his wallet to a dodgy site.
Daniel Van Boom
Senior Writer
Daniel Van Boom is a Senior Writer based in Sydney, Australia. Daniel Van Boom covers global tech issues, culture, video games and much more. Daniel Van Boom loves speaking about himself in the third person.
NFTs are polarizing: Some think they’re the future of digital ownership, others predict the crypto bubble will pop and NFTs will vanish with it. What’s uncontestable, though, is that there are scams everywhere. One of the latest to fall for one such scam is actor and comedian Seth Green.
On Tuesday, Green announced on Twitter that four of his valuable NFTs were stolen from his wallet. These include a Bored Ape Yacht Club NFT (worth $200,000 at the time of writing), two Mutant Ape Yacht Club NFTs ($40,000 each) and a Doodles NFT ($28,000). Someone subsequently bought Green’s stolen Bored Ape for $268,000.
“Well frens it happened to me. Got phished and had 4NFT stolen,” Green said. “Please don’t buy or trade these while I work to resolve.”
In a subsequent tweet, Green said he was trying to buy an NFT — a Gutter Clone, a spinoff from a popular collection called Gutter Cats — and connected his wallet to the site, which ended up being a scam website. “Phishing link looked clean,” he said.
Looking at Green’s wallet history, the NFTs were stolen on May 8. 
Thought I was minting GutterCat clones- phishing link looked clean
1/ In light of the recent phishing attacks @opensea particular as it relates to stolen #NFTs something that happened to my son not too long ago; a guide on what options are available to you based on our own experiences that might be helpful to victims https://t.co/3rwAESnXKZ🧵👇
Because crypto and NFTs have no centralized authority that can reverse transactions — which is by design, as the whole point of blockchain technology is decentralization — victims of scams have limited recourse in such situations. OpenSea, the biggest NFT marketplace, has labeled the stolen NFTs as “suspicious” and bars anyone from making offers to buy them. But that only happened after Green’s stolen Bored Ape was sold to another buyer. 
Yat Siu, co-founder of Web3 gaming company Animoca Brands, noted in a Twitter thread that the best move for scam victims is to report their loss to the police or FBI, as phishing is a form of fraud, and to publicize the theft on a public forum. “If a buyer knowingly purchases a suspicious #NFT that was stolen goods he becomes personally liable,” Siu tweeted. “Marketplaces or organizations that — now knowing that the goods have been stolen — that do not take action may potentially make themselves liable as well.”
Green has invested in Web3 culture in more than just an expansive NFT portfolio — over $250,000 worth of NFTs remain in his wallet after the theft. He created his own NFT collection called PizzaBots, released to celebrate 4/20 last month, and is working with DJ Steve Aoki on Dominion X, a TV show tied in with an NFT collection.

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FASB Excludes NFTs, Some Stablecoins From Crypto Accounting Project – The Wall Street Journal

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Michael Saylor can't stop: MicroStrategy now holds 130,000 Bitcoin – Cointelegraph

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MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter.
MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. 
In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone. 
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
Due to plunging price action, the company’s investment is down substantially in U.S. dollar terms. MicroStrategy’s entry price is roughly $30,639 per BTC, and the Securities and Exchange Commission filing states that the firm has bought 130,000 BTC at an aggregate purchase price of approximately $3.98 billion.
If MicroStrategy started stacking sats (buying Bitcoin) at today’s prices, it would have spent $2.48 billion on 130,000 BTC. Saylor is currently at a paper loss of over a billion dollars.
According to the SEC filing, the company made the purchase with “excess cash.” Saylor recently stepped down as CEO of the company to focus on buying more Bitcoin, while Washington, DC has taken aim at the billionaire in a tax evasion lawsuit.
Bitcoin enthusiasts were quick to commend Saylor’s buy. Referred to as the “Chad” or “Gigachad,” Saylor’s conviction and commitment to buying Bitcoin despite the investment being underwater has garnered both a devout following and numerous critics.
Related: Bitcoin better than physical property for regular folks, says Michael Saylor
Other large wallet addresses include that of crypto exchange Bitfinex, which holds 170,000 BTC, and a Binance reserve wallet that holds 125,000 BTC. Binance is the world’s largest crypto exchange and has several wallets holding six figures of Bitcoin. Regarding individuals, Saylor has stated that he holds Bitcoin, and FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao are also “hodlers” — a meme that became popular jargon for holding crypto.

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NFT Collections Will Be Regulated Like Cryptocurrencies Under EU’s MiCA Law, Official Says – CoinDesk

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