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Cryptoknowmics
2023-03-25 09:32:11

A CryptoPunk investor burns $135k trying to borrow money from NFT

A CryptoPunk investor burns $135k trying to borrow money from NFT

In an unusual NFT wrapping procedure, Riley accidentally sent assets to a burned address resulting in the permanent removal of the NFT from circulation. A Nonfungible Token (NFT) from the CryptoPunks collection worth 77 Ether has been sent to a burn address to be permanently destroyed. The purpose of the collector is to borrow some funds to buy another NFT. Riley says he bought CryptoPunk after being scammed by an NFT collector Riley as a seasoned investor knew the significance to get hold of new NFT before the cryptocurrency penetrated into the new bull market. Due to this Riley decided The post A CryptoPunk investor burns $135k trying to borrow money from NFT appeared first on Cryptoknowmics-Crypto News and Media Platform .

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