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Singapore Court Freezes ‘Bored Ape’ NFT – The Times

The High Court in the city-state granted a worldwide injunction to a man who had owned the Bored Ape NFT, which he used as collateral for a loan


A Bored Ape Yacht Club non-fungible token (NFT), one of a set of 10,000. Photo: Nexo via Reuters

 

A Singapore court ruling has frozen the sale and ownership transfer by a “metaverse personality” of a rare non-fungible token (NFT) listed on the ethereum blockchain, The Times reported in London. Lawyers at Withers said the ruling was unique in relation to a civil law dispute.

The High Court granted a worldwide injunction to a man who had owned the Bored Ape NFT, which he used as collateral for a loan, the paper reported. The popular images have been purchased by celebrities including singers Madonna and Justin Bieber, rapper Snoop Dogg and footballer Neymar, The Times noted.

 

Read the full report: The Times.

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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