Inflated Transactions on Blur NFT Marketplace
In a recent development, a string of transactions on the Blur NFT marketplace has caught the attention of crypto Twitter. The transactions have raised questions of legality after trader Hanwe Chang deceived a competitor into purchasing specific Azuki NFTs at an inflated price.
Key Points:
- Blur NFT marketplace has gained popularity due to gamified incentives that reward users with tokens based on trade-based activity.
- Trader Hanwe Chang has mastered the practice of bidding on NFTs by trait, earning high airdrop payouts.
- Chang noticed that bots were copying his bids and decided to trick them into bidding at a huge markup.
- Chang successfully made 800 ETH (approximately $1.5 million) by bidding on his own NFTs at 10x their normal price.
- Trades’ profits were transferred to Chang’s wallet on the Ethereum Name Service.
NFT Twitter Reacts
The transaction has sparked a reaction among members of crypto Twitter. Some consider Chang’s actions illegal market activity, while others see it as an entertaining PvP situation within the NFT marketplace. The victim of the heist has offered a bounty for the return of the stolen funds.
Hot Take:
The controversy surrounding Chang’s deceptive transactions on the Blur NFT marketplace has divided the NFT community. While some condemn his actions as illegal, others find it to be an interesting twist within the market. The question of legality remains nuanced, leaving room for further debate and discussion.
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