Bitcoin Dev Reveals Auction Site Selling His Code Consensually As NFTs
Non-fungible tokens (NFTs) appeared in 2014 and took the industry by storm. The continuous growth of NFTs has made it an attractive sector for crypto enthusiasts. Unfortunately, this quest to create and own these tokens has also given rise to manipulation, plagiarism, theft and fraud.
In a recent development, a core Bitcoin developer took to Twitter calling out a fraudulent site selling his code as an NFT. The developer disclosed that he did not consent to such use of his property and wants the seller(s) to refrain from such action.
Luke Dashjr never consented to the NFT sale
Dashjr is one of the original Bitcoin developers. His recent social media posts reveal that an auction site used his name to sell an NFT of his code without permission. The developer declared such a product deceptive as it did not come from him. He also revealed that many other bitcoin developers had also had such experiences.
In his post, the developer revealed that the fraudsters advertised the NFT as his, listed it under his name and sold it for 0.41 BTC or $9,500 at market price. Dashjr continued that he never knew of such a creation and was not part of the process.
Nor did he give anyone permission to use his name and code to create and sell NFTs, including the current one. Instead, third parties use his name and code for personal financial gain.
The developer further revealed that the auction winner contacted him about NFT and he clarified the situation with him. The NFT sellers also contacted him and offered 90% of the revenue, but he declined the offer. The Bitcoin developer believes that the attempt is to bribe him to stop revealing their fraudulent act or to get his consent afterwards.
Dashjr stated that he would not support misleading the public and insisted that sellers give the buyer 100% of the auction proceeds. Furthermore, he urged the sellers to stop using his name to mislead the public for monetary gains.
Plagiarism cases appear in NFTs
Dashjr’s Twitter post revealed that he is not the only one who has seen scammers steal their information to create NFTs. Other developers have received the exact percentage offers in a sale of NFTs created and sold without their permission. Last year, OpenSea reported that 80% of NFTs on the shared storefront are scams, plagiarized or fake.
In the tweet, the NFT marketplace mentioned that the creators are constantly abusing the feature to carry out their illegal actions, which is far from intending to add it.
Featured image from Pexels, chart from TradingView.com
