Faux Banksy NFT bought for $ 338K in ETH, scammer returns the funds

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A fake Banksy NFT was sold for $ 338,000 in Ethereum when the scammer promoted the art on the official website and auctioned it on OpenSea. However, it appears that the scammer returned all the funds, so today we read more on our latest Ethereum news.

The fake NFT mysteriously appeared on Bansky’s official website with a link to an OpenSea auction that sold for $ 338,000. According to analyst Tom Robinson, Banksy’s official website was either hacked or someone inside did something. However, the scammer returned most of the money. This morning the artist’s official website advertised the sale of the NFT artwork, which was then auctioned for $ 100 ETH for $ 338,000. The artwork “Great Redistribution of the Climate Change Disaster”, which was inspired by CryptoPunk, does not come from Banksy, as the artist’s Pest Control authentication agency calls it.

So my bid of 100 ETH for the potential #Banksy first #NFT on @opensea was accepted.

The link has been removed from his website so it could be a very elaborate joke. I guess it will be, time will tell! https://t.co/EEmElqIvBZ pic.twitter.com/Pbs5zrht05

– Pranksy 📦 (@pranksy) August 31, 2021

NFT investor Pransky stated that everything went quickly when he bought the fake Banksy NFT. The user named yosefo hired Pransky on Discord to inform him about the auction. Yosefo shares a link to the Bansky official website, which contains the artwork and is itself linked to a live auction on the OpenSea marketplace. Pranksy placed a bid of 100 ETH which ended the auction saying:

“My first concern was when the offer was accepted [so quickly]. “

An hour and a half after the auction ended, the NFT promotion on the Banksy site was suspended, making him even more suspicious that it was a scam. However, the fraudster later returned ETH to Pransky more than eight hours later:

“No idea why [he returned the funds]“Pranksy said to Decrypt. “I think I found him and his attention was drawn to it.”

A screenshot of the Discord chat that Pranksy shared with Decrypt. Image Discord

An NFT is a type of crypto-asset that serves as proof of ownership for digital objects such as videos, music files or pictures. Tom Robinson, the co-founder of Elliptic, said:

“The infrastructure hosting the website could have been hacked or it could have been an inside job.”

Banksy has never tokenized his art, but a group of blockchain investors and traders bought the destroyed work of art “Morons” for $ 95,000 in March after it was verified by Pest Control. The artists under the username Pest Supply sold NFTs, which were created in the characteristic graffiti style of Banky for 447 ETH, on the NFT marketplaces OpenSea and Rarible. Most users speculated that Pest Supply could be Banksy himself as the art style is identical and the titles of his work refer to Banksy like the username Pest Control.

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