Fake Banksy NFT sells for over $ 336,000 in bizarre hoax
Call him Faux-Sy.
It was only a matter of time before hoaxes hit the world of non-fungible tokens and only a matter of time before one of the world’s most famous and reclusive performers was unknowingly in the center of it all.
A collector, curiously called Pranksy, bought what has been described as Banksy’s first NFT only to learn later that it was a scam, according to The Guardian.
Pranksy shelled out over $ 336,000 for a one-off titled “Big Redistribution of Climate Change Catastrophe” on Open Sea, one of NFT’s most popular marketplaces.
Oddly enough, Banksy’s official website had an article of the same name listed as NFT on their website, but the list was removed, presumably after his team learned of a hack.
However, after Pranksy saw the artwork, which shows a smoking silhouette in front of industrial architecture, the red flags quickly piled up, especially when his opening offer was immediately accepted.
“The fact that it was hosted on banksy.co.uk was my reason for bidding,” Pranksy told The Guardian. “I assumed it was a three day auction and when my bid was accepted I pretty much knew it had to be bogus.”
He later got his money back (in the form of 100 ethereum cryptocurrency tokens), minus the transaction fees.
Representatives for the pseudonymous artist did not disclose how or why it all happened, but denied any involvement.
“Artist Banksy did not create any NFT artwork,” Pest Control said in a statement. “No Banksy NFT auction is affiliated with the artist in any form. “