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NFT Scammers Strike Again – and This Time, Pranksy Is Involved

Over the previous few months, NFT scams have been a sizzling subject on CryptoTwitter. Sadly, NFT scammers present no indicators of stopping. A current rip-off noticed fraudsters use Pranksy’s identify to legitimise their rip-off.

pranksy nft scammers
Pranksy warns his followers about an NFT rip-off development that’s utilizing his identify.
Supply: @pranksy

Who’s Pranksy, and why are NFT scammers utilizing his identify?

Pranksy is an investor in addition to an NFT collector with legions of followers on social media. Mainly, his technique is to put money into a Crypto as quickly because it goes reside, and combination a lot of tokens. By doing this, he provides liquidity and quantity to the venture. After making an preliminary funding of 600 {dollars}, Pranksy’s NFT assortment grew; a lot in order that he now has one of many largest NFT collections on the globe.

Within the NFT area, Pransky is a job mannequin for NFT collectors. That is completely the rationale why NFT scammers are utilizing his identify to rip-off individuals. Pranksy made his followers conscious of this model new rip-off by tweeting, “A brand new rip-off has arisen from somebody manipulating my tackle. For those who get despatched a random ERC20 from me, don’t give it any permissions, ignore it.”

An summary of NFT Scams

This isn’t the primary time that Pranksy made headliners for attracting scammers. In September 2021, Pranksy was duped into buying a seemingly-legit Banksy NFT. Seems this NFT assortment was pretend. In a coincidence, the fraudster refunded the collector.

Others weren’t so fortunate. Rapper and NFT guru Waka Flocka Flame misplaced $19,000 in an NFT rip-off in late December, whereas @shanterpster misplaced a Bored Ape price $281,000. The rising curiosity in NFTs has its downsides. Nevertheless, this shouldn’t deter you from apeing in!

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