For surely a costly mistake or probably a hack, A $350,000 Bored Ape Yacht Club (BAYC) NFT sold for 115 DAI ($115).
According to data from OpenSea, the previous owner with the moniker “cchan” approved by a 115 DAI bid for BAYC #835 on Monday. That is nearly 99.9% lower than the current floor price. This means it’s the lowest available price to buy from the popular NFT collection.
And for an unknown reason, the same owner also sold the same buyer a Mutant Ape #11670 for 25 DAI ($25). The floor price of its apes is 22.6 ETH ($76,000).
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Some said that the logical explanation of this incident could be a mistake with cchan confusing DAI for ETH. Because there were three other high-value bids for that Bored Ape. Other collectors made bids between 75 ETH and 106 ETH but cchan didn’t accept them.
In addition to the confusion about selling this NFT much lower than the floor price, this represents a major loss for cchan. In August 2021, the BAYC NFT was initially acquired for 16 ETH.
After the publication of this report, The NFT owner ‘cchan’ told The Block that he was “in the process of figuring it out as well. He emphasized on maintains a high degree of security on his accounts, especially during periods of travel. Also it would be “hard-pressed to call it a hack.”