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Banksy counterfeit token sold for $ 340,000

Yesterday, a user of the OpeanSea platform sold a fake NFT token attributed to a famous British artist for $ 340,000. The buyer of the work said that the scammer returned the entire amount paid to him hours after the end of the auction.

to the Report In an incident similar to a scam, Gizmodo paid an unnamed investor $ 340,000 to buy a unique token from Banksy’s website on Tuesday and eventually discovered it was a forgery.

Banksy is the pseudonym of a famous British artist, political activist, director and painter whose works of art with political and social content are displayed on the streets of various cities around the world.

The artwork, which is actually a copied copy of the CryptoPunks collection, was posted on Banksy’s official website on Tuesday morning. It is worth mentioning that the page related to this work was subsequently removed from Banksy site. All that could be seen on this page was a “JPEG” image file, which probably represents Banksy’s take on the $ 1 billion sales stream of cryptocurrency tokens. According to Banksy’s method of interpreting social events, this work seems to refer to the destructive environmental consequences of unparalleled tokens. The designer of this work, who introduced himself as Banksy, called this work “the re-expansion of the great catastrophe of climate change.”

Banksy counterfeit token sold for $ 340,000
Fake effect attributed to Banksy

The artwork was launched in the early hours of Tuesday by an artist named Gaakmann in the NFT Open Market. Banksy has previously worked under the pseudonym Gackman. In other words, since the work was on Banksy’s official website and his nickname was used to describe the NFT, it seemed that this unique token was as legal as other NFTs, so users started bidding. .

The winner of this tender is a collector active in the field of unique tokens, who works under the pseudonym Pranksy. Data from the Ethereum blockchain show that he paid 100 ethers, just over $ 340,000, to buy the work.

Then things started to get weirder. The page for this work has been silently removed from the Banksy website without informing you of how this page is located on the Banksy website. An unnamed buyer of the work said in an interview with the BBC that it was possible that Banksy’s website had been hacked and that a fraudulent artist had posted the page on his website, which appeared to be authentic.

The Banksy team also sent a statement to the BBC stating that no auction had been held by the artist to sell a work in the form of a unique token, and that the Open C auction had nothing to do with Banksy. Gizmodo Media, which produced the report, said it had also contacted Pest Control, an agency that works with Banksy as its spokesperson, for the latest news.

This scam seems to have had a happy ending, at least for now. The account of Gockman, who allegedly designed the scam, returned the 100 ethers paid by the buyer to his account just hours after the fraudulent auction ended. The unnamed buyer told Motherboard Media that he intends to keep the artwork, at least for now.


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