CryptoPunk NFT was sold for $532 millionCryptoPunk 9998 received a sell alert for over 124457 ETH or $532 million.
Considering that CryptoPunk's record sale for the entire lifetime of the project was $11.8 million, and the current industry-wide record held by artist Beeple is just over $69 million, this immediately attracted the attention of the community. Some began to suspect the participants in the transaction of hiding illegally obtained income from the cryptocurrency.
It turned out that the user just sold the NFT to himself. He borrowed assets from all available sources using the "flash loan" mechanism and at the same time put up his own NFT for sale, setting a notoriously high price. After that, he purchased NFT with credit ETH and transferred them back to the buyer's address to repay the loan. In addition, NFT has also returned to its owner's wallet.
