BAYC #2162 Barred From Sale by Singapore Court After Dispute

According to the case documents, the plaintiff, a citizen of Singapore, is a borrower on NFTfi, a platform that allows people to use NFT as collateral for cryptocurrency loans. The defendant, whose username is chefpierre.eth, is a lender on the platform. The borrower used BAYC #2162 as collateral to borrow cryptocurrency because he could obtain a larger loan "due to its rarity and high value. The claimant requested a refinancing of the loan regarding NFT as collateral in mid-April, but after some back-and-forth, chefpierre gave a short timeframe in which the loan could be repaid. According to the document, chefpierre foreclosed on the NFT after the claimant was unable to pay. The claimant alleges "unjust enrichment" in the case.
Source

BAYC

Event

Related News
BloFin Impresses at TOKEN2049 Singapore with Strong Vision for Rapid Expansion BloFin Impresses at TOKEN2049 Singapore with Strong Vision for Rapid Expansion
TokenPost Heats Up 'Crypto Fever' with Global Web3 Roadshow 'IXO™ 2024: Embrace the Future' TokenPost Heats Up 'Crypto Fever' with Global Web3 Roadshow 'IXO™ 2024: Embrace the Future'
Latest News More More
17 Hours Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
5 Days Ago Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
June 20 Kraken offers bitcoin ‘staking’ yield via Babylon without wrapping or lending
June 17 Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum combo ETF, and more
June 13 XRP Ledger adopts USDC one week after Circle goes public
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open