There’s a good chance that if you’ve been on Twitter anytime in the last hour or two, you’ve seen someone talking about a $532M CryptoPunk sale, here’s the tweet that started the madness:
Like most things in life, if it sounds too good to be true, it usually is…and well, this isn’t a real sale – it’s a flashloan designed to trick OpenSea and the trusty old CryptoPunks bot. While I could go into the nitty gritty of what happened here, I think someone on Twitter did a better job and making this pretty darn clear, see below:
And yes – this is incredibly shady and makes the whole space look bad. While the person doing this might have decided it would be a fun joke, or a clever publicity stunt, IMO it just makes the industry look scammy.
Please don’t do this and if you accidentally retweeted or shared this celebrating the sale, delete your tweet and don’t give this any more attention. Yes – I’m writing an article about it, but the article is to share what really happened and (hopefully) stop other people from spreading this any further.