Artist Bansky Warned of Website Exploit a Week Before Scam NFT Sale

2021-9-5 18:32

This past week, a link on the website of the infamous graffiti artist Banksy, advertised a piece of art as the creator’s first NFT (non-fungible token).

NFT auction debacle

A British collector won the auction for $366,000 to purchase the limited NFT art, before realizing that it was a fake. One crucial measure of an NFT in the realm of art is that the piece includes a “tokenized” unique digital certificate of ownership that can be bought and sold.

The page offering the NFT, Banksy.co.uk/NFT, was deleted right after the auction took place with a statement from Banksy’s team that read, “Any Banksy NFT auctions are not affiliated with the artist in any shape or form.”

The British collector, who goes by the online handle @Pranksy, won the auction after making an offer 90% more than rival bidders. Pranksy is is a Banksy fan and an avid NFT collector.

Pranksy expressed feeling frustrated and ‘burned’ after being taken for more than $300,000 in crypto. They were soon relieved that the scammer strangely returned most of the amount back to them by the end of the day. Pranksy believed that the press coverage could lead the public to determine the identity of the scammer, and that’s what pushed them to refund. However, at the end of the day, Pransky claims to still be down $5,000, as the transaction fee was not refunded.

Despite being scammed, Pranksy expressed his gratitude, “I feel very lucky when a lot of others in a similar situation with less reach would not have had the same outcome.” 

Banksy’s team later made a statement saying that “The artist Banksy has not created any NFT artworks.” But this still left questions on how the site had been compromised. 

Warnings go ignored

A cyber-security expert had apparently warned Banksy’s team that the website had shortcomings and that it could be exploited. However, the warning was ignored. According to Sam Curry, founder of security consultancy Palisade and a whitehat hacker, mentioned first discovering the vulnerabilities on Banksy’s site on the social network platform Discord last month. 

“I was in a security forum and multiple people were posting links to the site. I’d clicked one and immediately saw it was vulnerable,” explained Curry. He reached out to Banksy’s Team via email — an attempt that allegedly went ignored. 

Curry continued trying to reach Banksy’s Team on alternative platforms including Instagram. However, his effort came to a dead-end and he never received any response. Prior to Curry’s disclosure, the first report was made initially by email on Aug 25.

Curry added that the website’s flaws have since been fixed. The vulnerability allowed for an outsider to create arbitrary files on the website where they could post third-party pages and content.

Another Banksy stunt?

Some opinions resulted in speculation that the incident might just be another Banksy stunt.

Prof. Paul Gough, principal and vice-chancellor of Arts University Bournemouth, says the timing, art style, and setup don’t add up,

“I don’t see it as a Banksy prank. The timing for me doesn’t work right, the context doesn’t feel appropriate. He’s just done his ‘Spraycation’ stunt where he bombed 10 sites in East Anglia and put out a video on social media about it.”

Gough also added that the fake artwork itself drifted off of Banksy’s iconic style.

The post Artist Bansky Warned of Website Exploit a Week Before Scam NFT Sale appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

NFT (NFT) íà Currencies.ru

$ 0.1282 (+0.51%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 4.93 %, 7d: 9.39 %
Cåãîäíÿ L: $0.1282 - H: $0.1282
Êàïèòàëèçàöèÿ $0 Rank 3750
Äîñòóïíî / Âñåãî 0 NFT

week artist website nft sale bansky scam

week artist → Ðåçóëüòàòîâ: 22


Ôîòî:

NFT Roundup: Beeple’s We.new Platform, DeLorean DMC-12 NFTs, Jerry Garcia’s Music Art

Over the last seven days, there have been close to 18,000 non-fungible token (NFT) primary sales worth over $12.7 million. This week also saw a great number of non-fungible token (NFT) announcements surrounding big names like DeLorean Motor Company, the renowned NFT artist Beeple, the Grateful Dead’s Jerry Garcia, USA Today and more, as the […]

2021-6-26 07:00


Ôîòî:

Living on Bitcoin for a Week in San Francisco

When I decided, maybe against my better judgement, to live on bitcoin for a week, the plan was met by a combination of cautions and jokes from friends and loved ones: “Just don’t starve,” “Well, it’s the New Year, a perfect time to start a new diet,” “Will you be able to eat?”, “Have you really thought about it?”I had “really” thought about it and it seemed not only sensible but necessary.

2019-2-5 23:06


The $1,000 Bitcoin Puzzle Hidden in Paris Street Painting Celebrating BTC’s 10 Years Finds Resolution

The $1,000 bitcoin puzzle that had been well hidden in a Paris street painting has been solved barely a week after it was announced, but the exact way it was solved hasn’t been revealed yet. According to Bitcoinist, a crypto news outlet, Pascal Boyart, a street artist, had painted a ‘revolutionary’ street mural to celebrate […]

2019-1-15 00:16


CryptoArte: Ethereum Blockchain Art Collection And Crypto Token Set To Launch

An Ethereum Art Collection dubbed “CryptoArte” is supposedly in the process launching sometime this week. The artist responsible for this form of art goes by the name of Sebastian Brocher, who combined his appetite for technology and art to make this entire collection come to life. Reported first by BCFocus, Brocher shared a lot of […]

2018-7-12 10:01