Buyer spends $336,000 on fake Banksy NFT

TL;DR Breakdown • The person affected by the crypto scam lost $336,000.• Banksy, the NFT artist, clarifies that his website was hacked. An art lover spent around $336,000 on a Banksy NFT that turned out to be a fake. This art promoter is recognized worldwide for his street works, sculptures, urban art, and non-expendable token pieces. This NFT scam is one of the most talked-about in the crypto markets. The NFT artist has otherwise clarified that his website was hacked. Banksy scam: What happened? According to the news, a malicious user who created a new section of NFT art broke Banksy’s official website. This supposed hacker published a link where an NFT auction was opened. The auction section disappeared when the artist announced that his site had been hacked. The affected user offered almost 100 percent extra in the fake auction promoted on OpenSea, the largest NFT market on the internet. Banksy’s work team said this auction was not linked to the artist. However, the team has apologized for what happened. Non-fungible tokens have shown an incredible rise in the digital art sector since last year. NFTs are “virtual” artworks that people can collect as a unique product. Many companies, artists, and athletes have benefited from the NFT boom for incredible profits. The scam victim believed that he was buying a new non-expendable token from the artist. It was a very well-planned scam that left irreversib...