Skip to main content

NFT whale 'Pranksy' pranked by fake Banksy for 97.7 ETH

NFT collector Pranksy has been refunded the 100 Ether he spent on a digital artwork fraudulently claiming to have been composed by popular artist, Banksy.

Nonfungible token collector Pransky was duped out of 97.67 Ether, worth $341,500, after the website of popular artist Banksy was hijacked to promote a fake NFT auction.

However, almost all of the money has since been refunded. 

On Aug. 31, Pransky spotted a page on Banksy’s official website promoting an NFT auction on the popular marketplace, OpenSea. Despite voicing his misgiving as to the authenticity of the token, Pranksy opted to participate in the auction and increased the highest bid by 87 Ether ($304,500) to almost 100 ETH.

The bid was accepted, but after a link to the OpenSea auction was removed from Banksy’s website, the NFT investor began to fear the listing may have been fraudulent. Just one hour after sharing the auction on Twitter, Pranksy posted:

“So my bid of 100 ETH was accepted for the potential #Banksy first #NFT on @opensea. The link was removed from his website so it could have been a very elaborate hoax, my guess is that is what it will be, only time will tell!”

The perpetrators refunded Pranksy a few hours later, sending 97.69 ETH backr. Pranksy believes he received the refund after identifying the hacker and following them on Twitter. He told the BBC:

“The refund was totally unexpected, I think the press coverage of the hack plus the fact that I had found the hacker and followed him on Twitter may have pushed him into a refund.”

A spokesperson associated with Banksy said: “The artist Banksy has not created any NFT artworks. Any Banksy NFT auctions are not affiliated with the artist in any shape or form.” They declined to discuss whether Banky’s website had been breached by hackers.

Related: Forget Lambos, NFTs are the new crypto status symbol

Commenting on the drama, Twitter user “Cryptochild” noted that OpenSea was the sole winner from the debacle, having pocketed a 2.5% cut of Pransky’s massive bid.



from https://ift.tt/3jvvaiP
https://ift.tt/3ywBcUI
Labels:

Comments

Post a Comment

Any questions, Please.

Popular posts from this blog

ENS DAO delegates offer perspective on DAO governance and decentralized identity

AlphaWallet CEO and Spruce co-founder talk about their roles as contributors to the Ethereum Name Service following the project's recent airdrop. Earlier this month, the Ethereum Name Service, or ENS, formed a decentralized autonomous organization, or DAO, for the ENS community.  Cointelegraph spoke to two ENS DAO delegates who applied for the opportunity to represent the community and stay involved in the decision making process: Victor Zhang, CEO of AlphaWallet, an open source Ethereum wallet, and Gregory Rocco, co-founder of Spruce, a decentralized ID and data toolkit for developers. Zhang spoke about his experience as an external contributor to ENS and an early supporter since 2018. Zhang initially sought to help ENS by offering Alpha Wallet as a user-friendly tool for  resolving .eth names and cryptocurrency wallet addresses. Essentially, if a user inputs an .eth name in the AlphaWallet, it will show the wallet address, and vice versa using reverse resolution. Alpha...
Post a Comment
Read more

How Social Platform Chingari is Using Web 3.0 to Transform the Traditional Way We Use Social Media

The world is changing. This isn’t news to anyone, but sometimes it is nice to realize that—contrary to news headlines—not all the change is bad.  In fact, the last decade has seen so much innovation and so many improvements to technology that even 2015 seems like a different world.  Internet speeds, connecting with anyone globally (for free), and our ability to reach large groups of people without a middleman is nothing short of revolutionary. When it comes to technology evolution, this often happens with different iterations.  Once a system is mature, there’s a better idea of what we would like to change and improve.  We go back to the drawing board, target our creative minds at the issues, and create a new version that has evolved to better meet our needs.  The Internet has followed this model since its inception, evolving through three distinct stages.  We are only at the cusp of the third stage, called Web 3.0, with technologies such as blockchain and ...
Post a Comment
Read more

INX submits bid for Voyager Digital's assets

FTX US won a $1.4-billion bid to purchase Voyager’s assets in September, but with the firm filing for bankruptcy, the funds were once again up for grabs. Trading platform INX has submitted a bid for an undisclosed amount to purchase the assets of crypto brokerage firm Voyager Digital. In a Nov. 30 announcement, INX said it had sent a non-binding letter of intent for Voyager’s assets following the platform filing for bankruptcy in July. According to INX CEO Shy Datika, the bid was aimed at providing “credibility, technology, and unique regulatory positioning” for Voyager users seeking stability in a volatile market. Voyager’s original bankruptcy filing from the Southern District Court of New York suggested the firm could owe between $1 billion to $10 billion to more than 100,000 creditors amid a bear market and exposure to Three Arrows Capital. In September, FTX US won a $1.4-billion bid to purchase Voyager’s assets, but with FTX Group itself filing for bankruptcy in November, th...
Post a Comment
Read more