OpenSea users sue over alleged #OpenSea #NFT #lawsuit #securities #SEC #cryptocurrency

Two users of the NFT marketplace OpenSea have filed a class-action lawsuit, alleging that the company sold unregistered securities under the guise of NFTs. The plaintiffs claim that the tokens they purchased, such as Bored Ape Yacht Club, are worthless due to their illegal status. They also cite warnings from the SEC about similar schemes. The lawsuit raises important questions about the regulation of the NFT market and the potential liability of platforms for selling unregistered securities.

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