Banksy Fake NFT Sale on OpenSea - Revision history

Azoundria at 21:52, 10 May 2024

2024-05-10T21:52:29Z

← Older revision		Revision as of 15:52, 10 May 2024
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	[[File:Opensea.jpg\|thumb\|Banksy]]Pranksy received an anonymous Discord message about a new NFT on the Banksy website, and placed the winning bid. No sooner had he done that then the NFT page was taken down and he found out the whole thing had been an elaborate fake. A hacker had hacked the banksy website, listed their NFT on OpenSea, and then promoted it extensively until it sold.		[[File:Opensea.jpg\|thumb\|Banksy]]Pranksy received an anonymous Discord message about a new NFT on the Banksy website, and placed the winning bid. No sooner had he done that then the NFT page was taken down and he found out the whole thing had been an elaborate fake. A hacker had hacked the banksy website, listed their NFT on OpenSea, and then promoted it extensively until it sold.

	This is a global/international case not involving a specific country.<ref name="pastelnetwork-7993" /><ref name="hypebeast-7994" /><ref name="pranksytwitter-7995" /><ref name="bbc-7996" /><ref name="pranksytwitter-7997" /><ref name="banksyarchive-7998" /><ref name="openseaarchive-7999" /><ref name="etherscan-8000" /><ref name="banksyarchive-8001" /><ref name="banksyarchive-8002" /><ref name="banksyarchive-8003" /><ref name="pranksytwitter-8004" /><ref name="pranksytwitter-8005" /><ref name="pranksytwitter-8006" />		This is a global/international case not involving a specific country.<ref name="pastelnetwork-7993" /><ref name="hypebeast-7994" /><ref name="pranksytwitter-7995" /><ref name="bbc-7996" /><ref name="pranksytwitter-7997" /><ref name="banksyarchive-7998" /><ref name="openseaarchive-7999" /><ref name="etherscan-8000" /><ref name="banksyarchive-8001" /><ref name="banksyarchive-8002" /><ref name="banksyarchive-8003" /><ref name="pranksytwitter-8004" /><ref name="pranksytwitter-8005" /><ref name="pranksytwitter-8006" /><ref name="comparitech-10032" />

	== About Banksy ==		== About Banksy ==
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	<ref name="pranksytwitter-8005">[https://twitter.com/pranksy/status/1432644668056084482 @pranksy Twitter] (Jun 8, 2022)</ref>		<ref name="pranksytwitter-8005">[https://twitter.com/pranksy/status/1432644668056084482 @pranksy Twitter] (Jun 8, 2022)</ref>

	<ref name="pranksytwitter-8006">[https://twitter.com/pranksy/status/1432668324278714372 @pranksy Twitter] (Jun 8, 2022)</ref></references>		<ref name="pranksytwitter-8006">[https://twitter.com/pranksy/status/1432668324278714372 @pranksy Twitter] (Jun 8, 2022)</ref>

			<ref name="comparitech-10032">[https://www.comparitech.com/crypto/cryptocurrency-scams/ Worldwide crypto & NFT rug pulls and scams tracker - Comparitech] (Dec 15, 2022)</ref></references>

Azoundria at 01:29, 4 May 2023

2023-05-04T01:29:31Z

← Older revision		Revision as of 19:29, 3 May 2023
Line 4:		Line 4:
	[[File:Opensea.jpg\|thumb\|Banksy]]Pranksy received an anonymous Discord message about a new NFT on the Banksy website, and placed the winning bid. No sooner had he done that then the NFT page was taken down and he found out the whole thing had been an elaborate fake. A hacker had hacked the banksy website, listed their NFT on OpenSea, and then promoted it extensively until it sold.		[[File:Opensea.jpg\|thumb\|Banksy]]Pranksy received an anonymous Discord message about a new NFT on the Banksy website, and placed the winning bid. No sooner had he done that then the NFT page was taken down and he found out the whole thing had been an elaborate fake. A hacker had hacked the banksy website, listed their NFT on OpenSea, and then promoted it extensively until it sold.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.<ref name="pastelnetwork-7993" /><ref name="hypebeast-7994" /><ref name="pranksytwitter-7995" /><ref name="bbc-7996" /><ref name="pranksytwitter-7997" /><ref name="banksyarchive-7998" /><ref name="openseaarchive-7999" /><ref name="etherscan-8000" /><ref name="banksyarchive-8001" /><ref name="banksyarchive-8002" /><ref name="banksyarchive-8003" /><ref name="pranksytwitter-8004" /><ref name="pranksytwitter-8005" /><ref name="pranksytwitter-8006" />
	<ref name="pastelnetwork-7993" /><ref name="hypebeast-7994" /><ref name="pranksytwitter-7995" /><ref name="bbc-7996" /><ref name="pranksytwitter-7997" /><ref name="banksyarchive-7998" /><ref name="openseaarchive-7999" /><ref name="etherscan-8000" /><ref name="banksyarchive-8001" /><ref name="banksyarchive-8002" /><ref name="banksyarchive-8003" /><ref name="pranksytwitter-8004" /><ref name="pranksytwitter-8005" /><ref name="pranksytwitter-8006" />

	== About Banksy ==		== About Banksy ==
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	!Description		!Description
	\|-		\|-
	\|August 31st, 2021 3:52:54 AM		\|August 31st, 2021 3:52:54 AM MDT
	\|Main Event		\|Main Event
	\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
Line 81:		Line 80:
	\|		\|
	\|}		\|}

			== Technical Details ==
			This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

	== Total Amount Lost ==		== Total Amount Lost ==
Line 100:		Line 102:
	== Ongoing Developments ==		== Ongoing Developments ==
	What parts of this case are still remaining to be concluded?		What parts of this case are still remaining to be concluded?
			== Individual Prevention Policies ==
			{{Prevention:Individuals:Placeholder}}

			{{Prevention:Individuals:End}}

			== Platform Prevention Policies ==
			{{Prevention:Platforms:Placeholder}}

			{{Prevention:Platforms:End}}

			== Regulatory Prevention Policies ==
			{{Prevention:Regulators:Placeholder}}

	== Prevention ~~Policies ==~~		{{Prevention:Regulators:End}}
	~~Which policies could have prevented this event from happening?~~

	== References ==		== References ==

Azoundria at 23:51, 27 February 2023

2023-02-27T23:51:25Z

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/banksyfakenftsaleonopensea.php}} BanksyPranksy received an anonymous Discord message about a new NFT on the Banksy website, and placed the winning bid. No sooner had he done that then the NFT page was taken down and he found out the whole thing had been an elaborate fake. A hacker had hacked the banksy website, listed their NFT on OpenSea, and then promoted it extensivel..."

2023-01-27T21:23:13Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/banksyfakenftsaleonopensea.php}} thumb|BanksyPranksy received an anonymous Discord message about a new NFT on the Banksy website, and placed the winning bid. No sooner had he done that then the NFT page was taken down and he found out the whole thing had been an elaborate fake. A hacker had hacked the banksy website, listed their NFT on OpenSea, and then promoted it extensivel..."

New page

{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/banksyfakenftsaleonopensea.php}}

[[File:Opensea.jpg|thumb|Banksy]]Pranksy received an anonymous Discord message about a new NFT on the Banksy website, and placed the winning bid. No sooner had he done that then the NFT page was taken down and he found out the whole thing had been an elaborate fake. A hacker had hacked the banksy website, listed their NFT on OpenSea, and then promoted it extensively until it sold.

This is a global/international case not involving a specific country.

== About Banksy ==
"With NFTs, artwork can be "tokenised" to create a digital certificate of ownership that can be bought and sold."

"In August 2021," "A link to an online auction for the NFT was posted on a now-deleted page of banksy.co.uk." "Banksy's official site had a new page called NFT which included a link to an auction site selling an NFT called Great Redistribution of the Climate Change Disaster."

"The auction ended early after the man offered 90% more than rival bidders." "He says he was first alerted to the auction by an anonymous person in his community on the social network Discord on Monday morning."

"[A] prominent NFT collector called Pranksy paid more than $336,000 for a fake Banksy NFT."

"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!"

"Pranksy first learned about the artwork from a member of his Discord channel. The auction was also advertised on Banksy’s official page."

"About an hour after placing his offer, the seller of the NFT was accepted by the seller. But Banksy’s spokesperson told BBC that Banksy wasn’t involved in the creation of any NFT." Banksy's team told the BBC "any Banksy NFT auctions are not affiliated with the artist in any shape or form".

"Pranksy had been scammed." "The Banksy fan who got duped says he thought he was buying the world-famous graffiti artist's first ever NFT."

"I've just had a @BBC journalist confirm that the #NFT that was hosted on http://banksy.co.uk/nft.html was not a real banksy, hopefully I can get in touch with the team who represents him, if not it was fun entertainment for us all today."

Banksy's team did not respond to questions about how his site was compromised but said: "The artist Banksy has not created any NFT artworks."

"As it turned out, Banksy’s site was hacked and the fraudulent NFT auction was advertised, creating the perfect storm for a collector aptly named “Pranksy” to get scammed." "The man who is in his 30s and wanted to remain anonymous explained over Twitter direct messages that he suspects Banksy's site was hacked, and that he was the victim of an elaborate scam."

"He says the hacker returned all the money except for the transaction fee of around £5,000 on Monday evening." "Oddly enough, the hacker returned all the money to Pranksy except for the gas fees of roughly $6,700, only after Pranksy revealed who had shared the auction in the Discord and followed him on Twitter, likely spooking the scammer with fear of inevitable consequences."

"My ETH from the #Banksy #NFT purchase was just returned to me, ethical hacker proving a point?"

"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."

"I feel very lucky when a lot of others in a similar situation with less reach would not have had the same outcome," he said.

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:
* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - Banksy Fake NFT Sale on OpenSea
!Date
!Event
!Description
|-
|August 31st, 2021 3:52:54 AM
|Main Event
|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|}

== Total Amount Lost ==
The total amount lost has been estimated at $336,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
The total amount recovered has been estimated at $329,000 USD.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?

== Prevention Policies ==
Which policies could have prevented this event from happening?

== References ==
[https://pastel.network/the-most-common-nft-scams-and-how-to-avoid-them/ The Most Common NFT Scams (And How to Avoid Them) – Pastel] (May 15)

[https://hypebeast.com/2021/9/pranksy-fraud-banksy-nft-returned-hacker Pranksy Fraudulent NFT Banksy OpenSea Scam | HYPEBEAST] (Jun 8)

[https://twitter.com/pranksy/status/1432766192205373442 @pranksy Twitter] (Jun 8)

[https://www.bbc.com/news/technology-58399338 https://www.bbc.com/news/technology-58399338] (Jun 8)

[https://twitter.com/pranksy/status/1432683731362402304 @pranksy Twitter] (Jun 8)

[https://web.archive.org/web/20210831083419/http://banksy.co.uk/nft.html Great Redistribution of the Climate Change Disaster] (Jun 8)

[https://web.archive.org/web/20210831224001/https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/769987281610794526370432769847587291321402667277633018751858935165377052673 Great Redistribution of the Climate Change Disaster - gaakmann Collection | OpenSea] (Jun 8)

[https://etherscan.io/tx/0x75fd10d8651727d9650770c2c59d532949586129f1962bf4ef743b948662fdd2 https://etherscan.io/tx/0x75fd10d8651727d9650770c2c59d532949586129f1962bf4ef743b948662fdd2] (Jun 8)

[https://web.archive.org/web/20210831094030/https://banksy.co.uk/ Banksy] (Jun 8)

[https://web.archive.org/web/20210831085223/http://banksy.co.uk/nft.html Great Redistribution of the Climate Change Disaster] (Jun 8)

[https://web.archive.org/web/20210831094030/http://banksy.co.uk/nft.html https://web.archive.org/web/20210831094030/http://banksy.co.uk/nft.html] (Jun 8)

[https://twitter.com/pranksy/status/1432733152896749573 @pranksy Twitter] (Jun 8)

[https://twitter.com/pranksy/status/1432644668056084482 @pranksy Twitter] (Jun 8)

[https://twitter.com/pranksy/status/1432668324278714372 @pranksy Twitter] (Jun 8)

← Older revision		Revision as of 17:51, 27 February 2023
Line 1:		Line 1:
	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/banksyfakenftsaleonopensea.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/banksyfakenftsaleonopensea.php}}
			{{Unattributed Sources}}

	[[File:Opensea.jpg\|thumb\|Banksy]]Pranksy received an anonymous Discord message about a new NFT on the Banksy website, and placed the winning bid. No sooner had he done that then the NFT page was taken down and he found out the whole thing had been an elaborate fake. A hacker had hacked the banksy website, listed their NFT on OpenSea, and then promoted it extensively until it sold.		[[File:Opensea.jpg\|thumb\|Banksy]]Pranksy received an anonymous Discord message about a new NFT on the Banksy website, and placed the winning bid. No sooner had he done that then the NFT page was taken down and he found out the whole thing had been an elaborate fake. A hacker had hacked the banksy website, listed their NFT on OpenSea, and then promoted it extensively until it sold.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.
			<ref name="pastelnetwork-7993" /><ref name="hypebeast-7994" /><ref name="pranksytwitter-7995" /><ref name="bbc-7996" /><ref name="pranksytwitter-7997" /><ref name="banksyarchive-7998" /><ref name="openseaarchive-7999" /><ref name="etherscan-8000" /><ref name="banksyarchive-8001" /><ref name="banksyarchive-8002" /><ref name="banksyarchive-8003" /><ref name="pranksytwitter-8004" /><ref name="pranksytwitter-8005" /><ref name="pranksytwitter-8006" />

	== About Banksy ==		== About Banksy ==
Line 103:		Line 105:

	== References ==		== References ==
	[https://pastel.network/the-most-common-nft-scams-and-how-to-avoid-them/ The Most Common NFT Scams (And How to Avoid Them) – Pastel] (May 15)		<references><ref name="pastelnetwork-7993">[https://pastel.network/the-most-common-nft-scams-and-how-to-avoid-them/ The Most Common NFT Scams (And How to Avoid Them) – Pastel] (May 15, 2022)</ref>

	[https://hypebeast.com/2021/9/pranksy-fraud-banksy-nft-returned-hacker Pranksy Fraudulent NFT Banksy OpenSea Scam \| HYPEBEAST] (Jun 8)		<ref name="hypebeast-7994">[https://hypebeast.com/2021/9/pranksy-fraud-banksy-nft-returned-hacker Pranksy Fraudulent NFT Banksy OpenSea Scam \| HYPEBEAST] (Jun 8, 2022)</ref>

	[https://twitter.com/pranksy/status/1432766192205373442 @pranksy Twitter] (Jun 8)		<ref name="pranksytwitter-7995">[https://twitter.com/pranksy/status/1432766192205373442 @pranksy Twitter] (Jun 8, 2022)</ref>

	[https://www.bbc.com/news/technology-58399338 https://www.bbc.com/news/technology-58399338] (Jun 8)		<ref name="bbc-7996">[https://www.bbc.com/news/technology-58399338 https://www.bbc.com/news/technology-58399338] (Jun 8, 2022)</ref>

	[https://twitter.com/pranksy/status/1432683731362402304 @pranksy Twitter] (Jun 8)		<ref name="pranksytwitter-7997">[https://twitter.com/pranksy/status/1432683731362402304 @pranksy Twitter] (Jun 8, 2022)</ref>

	[https://web.archive.org/web/20210831083419/http://banksy.co.uk/nft.html Great Redistribution of the Climate Change Disaster] (Jun 8)		<ref name="banksyarchive-7998">[https://web.archive.org/web/20210831083419/http://banksy.co.uk/nft.html Great Redistribution of the Climate Change Disaster] (Jun 8, 2022)</ref>

	[https://web.archive.org/web/20210831224001/https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/769987281610794526370432769847587291321402667277633018751858935165377052673 Great Redistribution of the Climate Change Disaster - gaakmann Collection \| OpenSea] (Jun 8)		<ref name="openseaarchive-7999">[https://web.archive.org/web/20210831224001/https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/769987281610794526370432769847587291321402667277633018751858935165377052673 Great Redistribution of the Climate Change Disaster - gaakmann Collection \| OpenSea] (Jun 8, 2022)</ref>

	[https://etherscan.io/tx/0x75fd10d8651727d9650770c2c59d532949586129f1962bf4ef743b948662fdd2 https://etherscan.io/tx/0x75fd10d8651727d9650770c2c59d532949586129f1962bf4ef743b948662fdd2] (Jun 8)		<ref name="etherscan-8000">[https://etherscan.io/tx/0x75fd10d8651727d9650770c2c59d532949586129f1962bf4ef743b948662fdd2 https://etherscan.io/tx/0x75fd10d8651727d9650770c2c59d532949586129f1962bf4ef743b948662fdd2] (Jun 8, 2022)</ref>

	[https://web.archive.org/web/20210831094030/https://banksy.co.uk/ Banksy] (Jun 8)		<ref name="banksyarchive-8001">[https://web.archive.org/web/20210831094030/https://banksy.co.uk/ Banksy] (Jun 8, 2022)</ref>

	[https://web.archive.org/web/20210831085223/http://banksy.co.uk/nft.html Great Redistribution of the Climate Change Disaster] (Jun 8)		<ref name="banksyarchive-8002">[https://web.archive.org/web/20210831085223/http://banksy.co.uk/nft.html Great Redistribution of the Climate Change Disaster] (Jun 8, 2022)</ref>

	[https://web.archive.org/web/20210831094030/http://banksy.co.uk/nft.html https://web.archive.org/web/20210831094030/http://banksy.co.uk/nft.html] (Jun 8)		<ref name="banksyarchive-8003">[https://web.archive.org/web/20210831094030/http://banksy.co.uk/nft.html https://web.archive.org/web/20210831094030/http://banksy.co.uk/nft.html] (Jun 8, 2022)</ref>

	[https://twitter.com/pranksy/status/1432733152896749573 @pranksy Twitter] (Jun 8)		<ref name="pranksytwitter-8004">[https://twitter.com/pranksy/status/1432733152896749573 @pranksy Twitter] (Jun 8, 2022)</ref>

	[https://twitter.com/pranksy/status/1432644668056084482 @pranksy Twitter] (Jun 8)		<ref name="pranksytwitter-8005">[https://twitter.com/pranksy/status/1432644668056084482 @pranksy Twitter] (Jun 8, 2022)</ref>

	[https://twitter.com/pranksy/status/1432668324278714372 @pranksy Twitter] (Jun 8)		<ref name="pranksytwitter-8006">[https://twitter.com/pranksy/status/1432668324278714372 @pranksy Twitter] (Jun 8, 2022)</ref></references>