Singapore High Court Injunction Blocks Sale or Transfer of BAYC #2162 NFT – Regulation Bitcoin News

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Singapore High Court Injunction Blocks Sale or Transfer of BAYC #2162 NFT – Regulation Bitcoin News
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Janesh Rajkumar argued the NFT is rare even among the BAYC collection because it has attributes that enable the holder to create another exclusive series. nft bayc

The Singapore High Court has granted a court injunction which stops or blocks the sale of a Bored Ape Yacht Club non-fungible token that one man claims was wrongfully taken away from him.A Singapore man has won a court injunction that blocks the sale or potential transfer of a Bored Ape Yacht Club non-fungible token that he claims to be rightfully his. According to a report, the NFT is currently in the possession of an online lender named Chefpierre.

The man, who has been identified by the Strait Times as Janesh Rajkumar, is seeking to recover the BAYC 2162 NFT which he pledged as his security for a loan obtained from Chefpierre. Rajkumar claimed the NFT was wrongfully taken from him. The Bored Ape Yacht Club NFTs are popular with celebrities, some of whom have paid large sums of money to acquire them. The ST

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