Fake Banksy NFT Sells for $ 338K on Ethereum, Scammer Returns Funds


  • A fake NFT mysteriously appeared on Banksy’s official website with a link to an OpenSea auction, which quickly sold for $ 338,000.
  • Banksy’s official website has been hacked or has been the subject of insider work, according to blockchain forensic analyst Tom Robinson.
  • scammer has now returned most of the funds.

Earlier this morning, the elusive artist Bansky’s Official Site promoted the sale of an NFT artwork, which was then quickly auctioned for 100 Ethereum, worth $ 338,000 at the time.

But the CryptoPunk-inspired artwork, “Great Redistribution of the Climate Change Disaster,” is not by Banksy, according to a statement by the artist’s authenticating body Pest Control.

It all happened too fast, says NFT investor Pranksy, who bought the fake Banksy NFT.

A pseudonymous user named yosefo contacted Pranksy this morning on the Discord messaging app to inform him of the auction, according to a screenshot shared with Pranksy. decipher.

Yosefo shared a link to Banky’s official website, which contained the artwork and was linked to a live auction on the NFT OpenSea marketplace. Pranksy then made a bid of 100 ETH, which abruptly stopped the auction. “My first doubt was when the offer was accepted [so quickly]” Joker said decipher.

cryptoshitcompra.com/wp-content/uploads/2021/08/El-falso-Banksy-NFT-se-vende-por-338K-en.png »alt =» A screenshot of the Discord Pranksy chat shared with Decrypt. : Discord »style =» max-width: 100%; overflow: hidden; width: 100% »/> A screenshot of the Discord Pranksy chat shared with Decrypt. : Discord

An hour and a half after the auction ended, the NFT promotion on Banksy’s site was removed, making Pranksy even more suspicious that this was all a major scam.

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n, in a perhaps equally bizarre turn of events, the scammer returned 97.69 ETH to Pranksy just over eight hours later. “I have no idea why [I have returned the funds],” said Pranksy deciphering. “I think I tracked him down and he was informed.”

An NFT is a type of crypto asset that works like a receipt of property over digital items, be it images, videos, music files, or anything else. And while NFT scams are common, an elaborate NFT hoax of this magnitude is not.

” infrastructure hosting the website may have been breached or it may have been an inside job,” said Tom Robinson, co-founder of blockchain forensic firm Elliptic. decipher. Pest Control did not immediately respond to deciphering the request for comment.

Banksy has never tokenized his art. But in early March, a group of blockchain investors and traders bought the partially destroyed ‘Morons’ artwork for $ 95,000 after Pest Control verified its authenticity. y then sold it on OpenSea for $ 382,000 to pseudonymous investor NFT GALAXY.

In February, an artist by the username Pest Supply sold NFTs created in Banky’s signature graffiti stencil style for 447 ETH ($ 900,000) on the OpenSea and Rarible NFT markets. Although many initially speculated that Pest Supply could be Banksy himself, as the art style is nearly identical and the titles of his works, including the username Pest Control, make unequivocal references to Banky, Pest Supply has never explicitly claimed to be the one. Banksy himself.

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But unlike Pest Supply, today’s scammer posed as Banksy.

Speaking with decrypt Today, before the funds were returned, NFT investor Pranksy claimed that he was misled not only by the claim, but because the sale appeared on Banksy’s official website. investor said he “agrees to some extent” that the team behind the website, responsible for what may have been a security flaw, owes him “something.”

But “I’m not going to beg for this,” he said. “It was my decision to make the offer.”

In a tweet shortly thereafter Pransky added: ‘Just to add a comment, for those who feel this may have been some kind of stunt. I would never risk a future relationship with Banksy or any talented artist by hiring someone to hack their website and then buy an NFT of myself.

investor said, “What an unusual day.”

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