Fake Banksy NFT sells for £244,000. Let’s talk about NFT vulnerabilities.

Fake Banksy NFT sells for £244,000. Let’s talk about NFT vulnerabilities.

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From punks to pills and everything in between, NFTs have exploded in the world of crypto so is it time that we spoke about intellectual property? 

· 3 min read

Fake Banksy NFT sells for £244,000. Let’s talk about NFT vulnerabilities.

In an elaborate hoax this week, NFT collector Panksy ended up buying a fake Banksy NFT for £244,000, which would be considered a bargain in the world of NFTs these days.

Although nearly all of the money was returned to the buyer, this incident alone highlights some of the ways NFTs are exposed to security threats.

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