The comical error that resulted in a 100 ETH loss for an owner of 57 Bored Apes.
NFT space is full of mistakes stemming from decimal discrepancies and unintended transactions, sales or clever bots deceiving users on OpenSea. But in this case, the humorous twist involved Franklin, a wealthy holder of Bored Ape Yacht Club assets who owns a collection of 136 NFTs, among them 57 Bored Apes.
Franklin placed a bid on his own ENS (Ethereum Name Service) and put up an offer of 100 ETH. In the meantime, a Twitter user known as 8892 submitted a bid of 1.891 ETH, which Franklin accepted. He intended to cancel his own spoof offer for “stop-doing-fake-bids-its-honestly-lame-my-guy.eth,” but 8892 went ahead and resold the ENS, leading to Franklin’s 100 ETH loss.
Franklin admitted not having enough time to retract his offer. Instead, he just rushed to Twitter.
The BAYC owner attempted to return 1.9 ETH to 8892 to reverse the transaction, but it seems that 8892 is not interested in giving the money back.
It seems that 8892 answered to which 8892 replied with, “No, but thanks for the money,” adding the title “free 100 eth.” Interestingly, Franklin minted this NFT for just 0.1 ETH.
Franklin may have aimed to enlighten his 114,000+ followers about phony bids, yet he made a mistake that set him back over $150,000.
The NFT community is buzzing with debate about whether 8892 should return any funds to Franklin. Some suggest returning 90% or at least half of the funds back to him since he made an error, while others contend that Franklin himself is a scammer who attempted to dupe others with a false bid.
Some users suggest speculating that the whole incident could merely be a prank, suggesting that he might control both wallets. They think he might have orchestrated this joke to boost his interaction on social media.
Update
According to The Boring Sleuth Chronicles , Franklin tricked the Twitter masses into believing that a user named 8892 had accepted his 100 ETH offer for his domain. The forensic work done by Boring Sleuth tracked the wallets and transactions, revealing this:
- The wallet for 8892 indicated that he had acquired five ENS domains and transferred them to a different wallet one week prior to the Franklin episode.
- The fact that these five domains were acquired through offers significantly below their expected value from the same seller raises eyebrows.
This seems too coincidental, particularly since 8892’s wallet name on OpenSea was altered to MEMEWASBORN immediately after the incident. Currently, 8892’s wallet contains six distinct MEME names on OpenSea, hinting either at collusion between Franklin and 8892 or that they are the same individual running separate accounts.
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