tldr; FreeLunchCapital, founder of Floor Protocol, purchased a golden Bored Ape Yacht Club (BAYC) NFT for $1.43 million (588 ETH) from FTX’s vault. The NFT, BAYC #7940, is noted for its golden skin. The purchase was partly motivated by a personal vendetta against FTX, as FreeLunchCapital had lost $20 million in assets with the company. This transaction highlights a potential resurgence in the NFT market, reminiscent of the 2021-2022 bull cycle, and coincides with FTX’s legal clearance to repay $16.5 billion to customers.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
InclineDumbbellPress on
Option 1 money laundering
Option 2 a personal revenge against FTX???
DegenerateWins on
If you genuinely think this is money laundering you are stupid, actually, full on, properly, stupid.
SmellsLikeBu11shit on
Jfc what a rip off
hiorea on
Its all marketing move to lure more people. Pump and dump version of the nfts
W3Planning on
I vote for option 1.
4inalfantasy on
Ah the legal scam is here again. Rich people moving their money. That’s all there is to these nft crap.
DisorientedPanda on
I hate how all headlines these days are “xyz – here’s why”
pedronegreiros94 on
Make NFTs Great Again.
timbulance on
Golden revenge ape
Shoddy_Trick7610 on
MONEY LAUNDERING
counterboy12 on
BAYC fumbled hard by staying on Ethereum. It’s a downhill trend ever since the land sale debacle
Kindly-Wolf6919 on
At this point all of us know or at least suspect why. [spoiler](/s “Money Laundering”)
Steadbrisk on
I don’t even comprehend how can they have this much of COURAGE to transfer such a huge amount on a crypto wallet.
ChonsonPapa on
Sold to themselves in the hopes some moron buy a monkey JPEG 😂
15 Comments
tldr; FreeLunchCapital, founder of Floor Protocol, purchased a golden Bored Ape Yacht Club (BAYC) NFT for $1.43 million (588 ETH) from FTX’s vault. The NFT, BAYC #7940, is noted for its golden skin. The purchase was partly motivated by a personal vendetta against FTX, as FreeLunchCapital had lost $20 million in assets with the company. This transaction highlights a potential resurgence in the NFT market, reminiscent of the 2021-2022 bull cycle, and coincides with FTX’s legal clearance to repay $16.5 billion to customers.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Option 1 money laundering
Option 2 a personal revenge against FTX???
If you genuinely think this is money laundering you are stupid, actually, full on, properly, stupid.
Jfc what a rip off
Its all marketing move to lure more people. Pump and dump version of the nfts
I vote for option 1.
Ah the legal scam is here again. Rich people moving their money. That’s all there is to these nft crap.
I hate how all headlines these days are “xyz – here’s why”
Make NFTs Great Again.
Golden revenge ape
MONEY LAUNDERING
BAYC fumbled hard by staying on Ethereum. It’s a downhill trend ever since the land sale debacle
At this point all of us know or at least suspect why. [spoiler](/s “Money Laundering”)
I don’t even comprehend how can they have this much of COURAGE to transfer such a huge amount on a crypto wallet.
Sold to themselves in the hopes some moron buy a monkey JPEG 😂