CoinVoice recently learned that according to Cointelegraph, two OpenSea users filed a class action lawsuit in the U.S. Federal Court in Florida, accusing the NFT trading platform OpenSea of selling unregistered securities contracts. Plaintiffs Anthony Shnayderman and Itai Bronshtein claimed that the NFTs they purchased on OpenSea (including the once high-priced Bored Ape Yacht Club series) were "worthless" due to their "illegal nature."
The plaintiffs cited the U.S. Securities and Exchange Commission (SEC) Wells notice disclosed by OpenSea last month as an argument. They believe that this shows that OpenSea may face legal liability for facilitating unregistered securities transactions. The lawsuit also mentioned the SEC's previous successful enforcement actions against NFT projects such as Stoner Cats 2 and Impact Theory, which the SEC determined to be unregistered securities sales.
OpenSea has not yet publicly responded to the lawsuit. [Original link]
