Collector buys fake Banksy NFT for £244,000
by Lanre Bakare Arts and culture correspondent from on (#5P19Q)
Collector known as Pranksy has cryptocurrency returned after what appeared to be elaborate hoax
In hindsight, it looked too good to be true: the chance to buy Banksy's first foray into the lucrative world of non-fungible tokens (NFTs) for only a fraction of his soaring market prices.
The piece (called Great Redistribution of the Climate Change Disaster) did enough to convince a buyer - confusingly named Pranksy - to pay the equivalent of hundreds of thousands of pounds only to have the currency returned after what appeared to be an elaborate hoax by a scammer.
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